The Belarusian ruble was re-denominated on July 1. Over the next six months, the banknotes in circulation will be replaced with new banknotes and coins in proportion of 10,000 old Belarusian rubles per 1 new Belarusian ruble. Thus, the legendary number of zeros on Belarusian... MORE

US Secretary of State John Kerry’s public message in Kyiv on July 7 (see accompanying article) reaffirms, broadly, the talking points that Assistant Secretary Victoria Nuland had been delivering in Kyiv since May 2015 (see EDM, May 26). It was at that point that Kerry... MORE

US Secretary of State John Kerry and Assistant Secretary Victoria Nuland held talks with President Petro Poroshenko and other Ukrainian officials, in Kyiv on July 7. At the joint news conference, Kerry urged Ukraine to help jump-start the implementation of the Minsk armistice through unilateral... MORE

Russia is working hard to resolve the Armenian-Azerbaijani conflict over Karabakh, Russian foreign ministry spokesperson Maria Zakharova told reporters in Yerevan, on July 4 (Trend, July 4). Her statement alluded to that day’s meeting held between Armenian Foreign Minister Edward Nalbandian and his Russian counterpart,... MORE

The end of the six-year diplomatic stalemate between Israel and Turkey, announced on June 27 (Hurriyet Daily News, June 28), also heralded a shift on another front. Seven months after the start of the crisis in Turkish-Russian relations, a second letter from the Turkish leadership... MORE

Last week (July 1), during a visit to Helsinki, Russian President Vladimir Putin threatened that Finland’s security would be undermined if the Nordic country decided to join the North Atlantic Treaty Organization (NATO). Speaking at a joint press conference with his Finnish counterpart Sauli Niinistö,... MORE

*To read Part One, please click here. President Barack Obama’s administration seems to pursue two contradictory goals: support Ukraine’s sovereignty and security in general terms but, at the same time, seek a short-term compromise that might satisfy Russia in Ukraine’s east. Preoccupied with “legacy” issues... MORE

US Assistant Secretary of State Victoria Nuland completed another round of shuttle diplomacy in Kyiv and Moscow (June 22–24), following up on her visits to the two capitals in April and May, on direct instructions from the White House. This effort will undoubtedly continue after... MORE

In early June, the Eighth Round of the U.S.-China Strategic and Economic Dialogue (S&ED) “welcomed” apparent progress on cyber security, an issue that has been among the most contentious aspects of this bilateral relationship in recent years (U.S. Department of State, June 7). As the... MORE

Powered by the world’s second largest economy and defense budget, China has implemented a consistent, incremental strategy of upholding its outstanding territorial and maritime claims in the Near Seas (Yellow, East, and South China Seas), while more gradually developing an outer layer of less-intensive capabilities... MORE