Carnegie Russia Eurasia Center Research

Russian oil production is remarkably resilient to significant price changes, but significant political headwinds may lead to a drop regardless of economics.

An official peace agreement between Armenia and Azerbaijan cannot by itself resolve decades of mistrust. The durability of peace will depend on healing trauma, reframing identities, diversifying narratives, and ensuring that ordinary citizens experience tangible improvements in daily life.

Western powers may soon find it hard to escape an unpalatable dilemma: either they need to invest heavily in ice-class marine capability, both military and commercial, with unclear payback prospects, or they will have to cede leadership in the Arctic to the Sino-Russian tandem.