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Daily Memo: Russian Budget Update

Telling signs. Russia’s Finance Ministry published a preliminary assessment of the country’s federal budget so far this year. According to its estimates, budget revenue from January to April declined by 22 percent (to 7.8 trillion rubles, or $101 billion) compared to the same period in 2022. Oil and gas revenue plummeted by 52 percent from […]

The Battle for Turkey’s Future

On May 14, voters in Turkey will head to the polls to cast their ballots in presidential and parliamentary elections, which are shaping up...

Daily Memo: Balancing Acts and Oil Hunts

Kazakhstan balances. Russian mining company Polymetal has asked its shareholders to approve the re-registration of the company at the Astana International Financial Center, which...

Can Russia Gang Up on the West?

In February 2022, the global economy started what became an unprecedented event: The West, led by the United States, severed trade, financial and personal...

Daily Memo: Russia Celebrates Victory Day, Turkey Prepares for Elections

Victory Day. The leaders of seven former Soviet states – Armenia, Belarus, Tajikistan, Turkmenistan, Uzbekistan, Kyrgyzstan and Kazakhstan – arrived in Moscow to attend...

The Russian Mystery

There are too many unknowns to count in the Ukraine war. From the upcoming spring offensive to covert U.S. intelligence operations, mysteries abound. But...

Daily Memo: EU to Expand Russia Sanctions, Syria Rejoins Arab League

Targeting China. The European Union is considering imposing sanctions on Chinese companies that sell equipment that could be used by Russia to produce weapons,...

The Problem With Russian Infrastructure

Russia managed to maintain exports in 2022 in spite of the Western sanctions campaign against it – and in spite of all the logistical...

South America’s Lithium Triangle

(click to enlarge) South America has some of the largest lithium deposits in the world. Chile, Argentina and Bolivia collectively account for 53 percent of...

Daily Memo: Nagorno-Karabakh Update, Pakistan-Turkey Trade

Progress. Armenia and Azerbaijan made progress toward resolving their differences during talks between their foreign ministers in Washington this week, U.S. Secretary of State...

Regime Evolution in Uzbekistan

On May 1, Uzbekistan held a long-delayed national referendum on major constitutional amendments. According to the country’s election commission, 84.5 percent of the country’s...

Daily Memo: US-Philippine Defense, Indian-Russian Trade

Update on a treaty. The United States and the Philippines agreed to new bilateral defense guidelines during a meeting between both countries’ presidents on...

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