Executive Summary: Since the beginning of Russia’s war in 2022, Ukraine has been rapidly transitioning from importing arms to producing them domestically and is working toward becoming a significant player in the global arms market. Ukraine is expanding its production capacity for critical technologies such... MORE

Executive Summary: Cooperation between Iran and Russia has improved incrementally since 2022, especially in the military sphere. The two countries are expected to sign a comprehensive strategic partnership agreement toward the end of this year.  Moscow and Tehran have faced challenges due to Western sanctions and... MORE

Executive Summary: Senior Party and government officials have identified overcapacity as a major economic challenge, but state media have instead downplayed or denied its existence, framing concerns from the West as politically motivated. Regional governments have traditionally addressed overcapacity through top-down restrictions, but this strategy... MORE

Executive Summary: Economists predict a slowing of Russia’s civilian economy next year with a strong inflationary trend. This will elicit dissatisfaction, not only among ordinary people, but also among the industrial elites. To ease this pressure, Russian authorities have turned to economic blackmail in the... MORE

Executive Summary: The European Union is working with the countries along the Trans-Caspian Transport Corridor (also known as the Middle Corridor) to support infrastructure development and provide technical assistance for improving standards, digitalization, and regional interoperability. Disruptions along the trans-Russia northern route due to Western... MORE

Executive Summary: The BRICS summit, held in Kazan, was met with great fanfare in Russian propaganda. Propagandists hailed it for its “epochal” significance. Moscow commentators promoted the idea that the BRICS summit demonstrated that Russia is not and cannot be isolated in the international arena.... MORE

Executive Summary: The State Council-approved “Network Data Security Management Regulations” impose stringent compliance requirements on data processors and platform service providers to safeguard personal information, important data, and cross-border data. The “Regulations” signal continued efforts by the People’s Republic of China (PRC) to assert control... MORE

Executive Summary: Baku announced in August its application to join BRICS to align with major developing economies and strengthen political relationships on the global stage. Joining BRICS will create new opportunities for Azerbaijan in the transportation sector. In recent years, Azerbaijan has strived to become... MORE

Executive Summary: Just days before the 16th BRICS summit in Kazan, Russia, Kazakhstan announced that it will likely not consider applying to join the group in the foreseeable future, citing the complexity of gaining membership and the bloc’s future prospects. China and Russia, two key... MORE

Executive Summary: Russia is now facing a problem that did not exist in Soviet times and one that in the years since 1991, Moscow has denied exists now: the appearance in Moscow and other major cities of ethnic ghettos consisting of members of Central Asian... MORE