Executive Summary: Turkmenistan is eager to accelerate the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline to sell its natural resources to the energy-starved countries of Pakistan and India.  Due to regional conflicts and instability, the project has been stalled for over 30 years. With the... MORE

Executive Summary:  Afghanistan has completed over 80 percent of the second phase of the Qosh Tepa Canal—an irrigation project funded by the Taliban aimed at ensuring the country’s grain self-sufficiency by utilizing water from the Amu Darya River. The canal could divert up to 20... MORE

Executive Summary: The South Caucasus has grown increasingly close to the Middle East. One region that stands out is the Gulf Cooperation Council (GCC), which looks at the Caucasus as a transit and a land for investments. Tbilisi’s closer ties with the GCC present a... MORE

Executive Summary Russian hybrid attacks targeting critical undersea infrastructure (CUI), particularly fiber-optic cables, have surged in the Baltic and Arctic regions since 2021. These disruptions threaten essential communication channels and expose the vulnerabilities of Northern Europe’s infrastructure. Incidents in 2023 and 2024 involving Chinese vessels... MORE

Executive Summary: The People’s Republic of China (PRC) has officially approved a 60-gigawatt hydropower dam on the Yarlung Zangbo river in Tibet, estimated to cost over 1 trillion renminbi ($137 billion) and surpass the capacity of the Three Gorges Dam. The project aligns with national... MORE

Executive Summary: Abkhazia is experiencing an energy shortage due to low water levels in the Enguri hydroelectric dam. Illegal cryptocurrency mining further exacerbates the shortage, which has increased Abkhazia’s reliance on Russian electricity. In September, Abkhazia blocked a law allowing Russian citizens to buy real... MORE

Executive Summary: A new “flash ironmaking” technology invented in the People’s Republic of China (PRC) reduces reliance on imported high-grade iron ore, aligning with Xi Jinping’s push for industrial chain autonomy and supply chain resilience. The technology may mitigate geopolitical risks but is unlikely to... MORE

Executive Summary: Russia has more icebreakers than any other country but far fewer than it needs to ensure passage in the Eastern portions of the Northern Sea Route critical to its trade with China as well as to ensure that the Russian navy can continue... 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: Russian officials have begun to address the degrading state of critical civilian infrastructure, particularly heating systems, ahead of the coming winter. The past few years have seen catastrophic incidents leaving many Russians without heat. Russian officials blame numerous sources for these issues—including Russian... MORE