Economic problems are once again at the center of debates about Russia’s future. For the first time under the Putin presidency, the country faces a protracted decline in living standards.
The future and the past can meet sometimes—when the present is at an impasse, like it is today. For a quarter of a century now, we have been tirelessly building a new world order, but suddenly time seems to have rolled back, reviving the talk of a new Cold War, an ideological conflict, arms control, and nuclear confrontation.
The global energy market continues to be driven by the political economy of oil production and trade. Energy markets have come full circle returning to their fundamentals: oil is there to stay and play an important role in the era of slow melting of the oil surplus.
In view of the accelerated development of new technologies and potentially low energy prices, the struggle for energy markets will intensify. No matter in what areas energy cooperation may develop in the future, its main task will be attracting investment, technologies and human capital into the Russian fuel/energy sector.
This article reviews key dynamics in the Middle Eastern oil and gas to explain how they shape the global energy picture. The author makes sense of the Saudi-Iran relations and the role OPEC is set to play in the emerging energy landscape. Finally, political developments in the broader region, including Turkey, are discussed.
It is unlikely that the current impasse in Russia-EU relations will be resolved within the next few years. It appeared long before the Ukrainian crisis. It is so deeply rooted that it will persist even if the con?ict in Donbass deescalates and the Minsk agreements are fully implemented. Both sides advocate fundamentally incompatible models for Russia-EU relations and for the economic and political order that should prevail in both “Wider Europe” and Eurasia.
The only strategic response to the global water challenge and international competition for water would be to improve water use efficiency by redistributing water intakes and introducing new water use technologies. Importantly, these measures do not require redistributing water flows among countries.
Last year’s incident with the Russian Su-24 jet instantly changed the very nature of Russia-Turkey relations. What used to be viewed by the leaders of the two countries as a strategic partnership was replaced with harsh confrontation.
A scenario similar to the Euromaidan protests may again take place and threaten to turn into an international crisis. It is in our common interest to stop making Ukraine a battlefield between Russia and the West, and encourage it to become a bridge between them.
The global domination in setting ecological standards has been gradually drifting towards the United States. The U.S., in contrast to the EU, is prepared to employ this tool not just to bolster its own image, but also to dictate rules to the global economy.
At a roundtable event in Moscow, top experts debated the “hypocritical” and “insincere” foreign policies of both Russia and the West in the post-Cold War era.
Vladimir Putin has mentioned several times that the collapse of the Soviet Union was a geopolitical mistake. Although these words were often interpreted as his desire to constitute that country, there is little reason to believe this.
The 13th annual meeting of the Valdai Discussion Club includes a special session on the theme “What if… the Soviet Union had not collapsed?”
The Transatlantic Trade and Investment Partnership is by far the most ambitious project in the field of contractual formats of regional economic cooperation, combining traditional measures to liberalize mutual trade with regulatory rules of economic activity on the territories of member states. If successful, this project will influence on the development of both the world economy and its regulatory mechanisms.
Belarus’ traditional structural dependence on Russia is increasing, and Minsk’s freedom of maneuver continues to shrink.
The oil- and gas-rich states of the Caspian Sea basin—Azerbaijan, Kazakhstan, and Turkmenistan—registered phenomenal growth throughout most of the 2000s. However, the heady days of resource-fueled development now appear to be over, and local governments are suddenly struggling to overcome massive budget deficits, devalued currencies, and overall economic stagnation.