Executive Summary: The Russian offensive in Donbas has stalled, creating a deadlock with heavy casualties. The Kremlin remains committed to Ukraine’s capitulation, ignoring the heavy casualties in its stalled Donbas offensive, dismissing ceasefire discussions, and disregarding public support for peace.  Russian President Vladimir Putin seeks... MORE

Executive Summary: Beijing promotes digital sovereignty in its engagements with other countries but with the caveat that it can maintain access to partner countries’ digital systems. Leaked documents from cyber contracting firm iS00N indicate a focus on One Belt One Road partner countries, targeting critical... MORE

Executive Summary: This year’s second joint aerial patrol between the People’s Republic of China (PRC) and Russia marked the debut of the nuclear-capable H-6N bomber, demonstrating Beijing’s intent to project nuclear deterrence and challenge Western strategic dominance. The two countries have expanded security cooperation this... MORE

Executive Summary: Moscow believes that NATO will not accept Ukraine as a member as long as Russia wages war against it and wants the West to exclude Ukraine from NATO in exchange for “peace” with Russia. Some NATO states are tentatively considering “coalitions-of-the-willing” to provide... MORE

Executive Summary: The last year of Russia’s war in Ukraine saw a number of turning points, including both Ukraine’s invasion of Russian territory and its massive drone attacks on Russian facilities, as well as an expansion in Russian aggression. Many in Kyiv, Moscow, and the... MORE

Executive Summary: On November 28, Georgian Prime Minister Irakli Kobakhidze declared that talks about Georgia’s EU ascension would be postponed until 2028, sparking protests across the country from pro-Western citizens. The government’s heavy-handed response to the protests—including police brutality and mass detentions—has drawn condemnation from... MORE

Executive Summary: The People’s Republic of China (PRC) continues to use Hong Kong to test policies and build support for the internationalization of its currency, the renminbi (RMB). The city is now the world’s largest offshore RMB clearing center. The Cross-border Interbank Payment System (CIPS)... MORE

Executive Summary: A joint meeting of the Foreign Ministry Collegiums of Russia and Belarus occurred on November 22, emphasizing deepening Belarus-Russia cooperation under the Union State framework, with new agreements on joint security and coordinated foreign policy. Russia extended its nuclear doctrine to cover Belarus,... MORE

Executive Summary: Russia has expanded its ties with groups such as Hezbollah, Hamas, and the Houthis, leveraging its relationship with Iran’s so-called “Axis of Resistance” to increase geopolitical influence through military and security cooperation, including supplying weapons and conducting diplomatic engagements. Moscow is not pursuing... MORE

Executive Summary: Facing increasing Russian hostility to Central Asian immigrants, Central Asian countries are instead encouraging their nationals to go to other Asian countries to ensure transfer payments and prevent domestic explosions. These moves are negatively impacting the Russian economy and forcing Moscow to seek... MORE