Russia/CIS
New EU sanctions on Russian gas unlikely in short term
The EU is considering further restrictions on Moscow’s energy and mining sectors
RussiaDavos talks have a lot of systemic issues to address
The WEF risks report flags armed conflict, extreme weather and misinformation as top 2025 risks ahead of its meetings
InternationalRussian gas cut-off forces East Europe energy rethink
The end of Gazprom’s transit agreement with Ukraine highlighted uneven energy diversification efforts in the region
Eastern EuropeRussian oil revenues will remain high
Russian oil revenues in 2024 hit an all-time high in domestic currency terms
RussiaRussian trade with China is likely to grow slowly
Bilateral trade with China grew by 1.9% last year, a much slower rate than in previous years
RussiaManpower shortages will hamper Ukrainian military
Despite the latest push to recruit more soldiers, troop shortages in the Ukrainian military continue to persist.
UkraineFears of over-investment cloud copper demand optimism
Decarbonisation technologies will transform copper demand but supply outpacing demand is raising over-investment fears
InternationalNew oil sanctions will impose costs on Russia
The United States imposed its harshest sanctions yet on the Russian oil industry
Russia