Europe
Security concerns will prolong European gas demand
Concern over energy security is prompting continued investment in gas infrastructure across Europe
EuropeGazprom’s woes will continue without European market
Gazprom, Russia’s state-owned energy behemoth, suffered record financial losses in 2024
RussiaRussian cyber groups will continue to target Europe
EU and NATO diplomats have warned of the rise in Russian cyber activity targeting Europe
InternationalUS-EU tariff increases will cause both economic losses
The EU has hiked tariffs on US imports in response to US measures but hopes for a negotiated solution
InternationalMajor French nuclear security pivot remains unlikely
France has reaffirmed its interest in extending its nuclear umbrella to other European countries
FranceUS reservations will make EU unity on Ukraine harder
The Europeans are desperately looking to Washington to provide security guarantees over Ukraine’s future
EuropeNarco-subs will further improve, posing global threats
Organised grime groups have become highly skilled in the construction of submarines
International
