On December 5, 2022, the G7, European Union, Canada, Japan and Australia began implementing a $60 price cap on Russia’s seaborne crude oil exports (see EDM, December 5, 2022), which China and India quickly capitalized on. Additional ceilings on petroleum products are expected later this... MORE

Introduction Soon after Xi Jinping assumed charge as the Central Military Commission (CMC) Chairman in November 2012, he set the stage for a sweeping military restructuring. On February 1, 2016, the People's Liberation Army (PLA) moved away from the old Soviet-inspired Military Regions (MR) system... MORE

The prolonged political instability in Bulgaria will continue to impact critical energy security decisions and maintain the country’s status as Russia’s best client in Europe. Bulgaria, currently the third-largest buyer of Russian oil in the world, is heading for another round of general elections on... MORE

Introduction At the 20th National Congress of the Chinese Communist Party (CCP) last October, General Secretary Xi Jinping lauded the achievements of his anti-corruption campaign, reminding the audience that a total of 207,000 “top leaders” (一把手) at all levels had been investigated by the discipline... MORE

Following the launch Russia’s all-out war of aggression against Ukraine and growing international economic-political isolation, the Kremlin’s contacts with major regional and international powers have shrunk to three primary players: China, India and Turkey. Specifically, current and prospective ties are being cultivated between Moscow and... MORE

In all likelihood, the Georgian government has decided to seriously deal with the project of constructing the strategically important deep-sea Port of Anaklia, which was suspended in 2020 when the government canceled the $2.5 billion contract with previous investor Anaklia Development Consortium (ADC) (Eurasianet, January... MORE

In recent weeks, Russia, Kazakhstan and Uzbekistan have been hotly discussing the possibility of establishing a trilateral natural gas union among the three countries. The union, proposed by Russian President Vladimir Putin, is an alliance that aims to coordinate efforts to transport Russian gas through... MORE

Over the past two months, as the People’s Republic of China (PRC) has rapidly rolled back its strict zero-COVID epidemic prevention policy, COVID-19 has spread rapidly throughout the country. The combination of the PRC reopening its borders to outbound travel on January 8 and the... MORE

Since gaining independence in 1991, Turkmenistan has typically attracted only sporadic international attention both because of its constitutionally mandated policy of strict neutrality and the extreme isolation Ashgabat has pursued with an authoritarianism so severe that it rivals that of North Korea. But the country’s... MORE

On July 19, 2022, the National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) with Russian gas company Gazprom worth close to $40 billion. The deal was signed by the CEOs of both companies during a virtual ceremony on the same day that... MORE