Executive Summary: The pro-Kremlin Valdai Discussion Club conference on Sino-Russian relations on October 14–15 demonstrated Moscow’s goals of building a new world order together with the so-called “world majority” as a result of Russia’s declining status on the world stage. Even analysts close to the... MORE

Executive Summary: Trade between Russia and Türkiye has dropped significantly in 2024 due to Western sanctions, indicating a weakening economic partnership as Russia’s war in Ukraine continues to isolate it from global partners. Ankara is increasingly aligning with Western powers, as evidenced by the postponement... MORE

Executive Summary: Two major developments have followed the Third Plenum in July. First, a series of economic data releases indicated that the plenum had done nothing to improve the country’s short-term outlook. Second, a series of stimulus measures were announced over a two-week period, that... MORE

Executive Summary: Cyprus has been deeply influenced by Russian interests over the past 30 years, becoming a hub for Russian oligarchs and the country’s financial sector to launder money and avoid Western sanctions. While the European Union has imposed restrictions on Cyprus, the island’s division... MORE

Executive Summary: Azerbaijan announced its application for BRICS membership on August 20, which has been backed by Russian leaders and emphasizes Azerbaijan’s goal of strengthening ties with China following the China-Azerbaijan joint strategic partnership declaration in July. The increased importance of the South Caucasus region... MORE

Executive Summary: In a departure from the long-term economic program announced at the Third Plenum in July, the Party leadership used an unusual politburo meeting in September to acknowledge “new situations and challenges” in the economy, unveiling its most significant stimulus package in recent years.... MORE

Executive Summary: In an apparent U-turn, the People’s Republic of China (PRC) has initiated stimulus policies that have boosted the stock market and are attempting to jump-start key sectors and meet the annual GDP growth target of 5 percent. In the last week of September,... MORE

Executive Summary: Russia’s war in Ukraine has become the world’s first drone, digital, and cyber war, and resilience, innovation, adaptation, and quick learning has allowed Ukraine to keep one step ahead of Russia. Ukraine is fighting a people’s war, and its military-industrial complex has significantly... MORE

Executive Summary: In June 2024, the People’s Republic of China (PRC) introduced additional restrictions on fertilizer exports, sharply reducing urea exports by 83 percent compared to the previous year. This move aims to stabilize domestic prices and safeguard food security, but has disrupted global fertilizer... MORE

Executive Summary: Moscow released the draft proposal for Russia’s federal budget for 2025 and 2026–2027, which shows that the national defense budget will increase significantly from previous years, especially in comparison to the period before its war against Ukraine. For 2023 and 2024, Russia’s military... MORE