Russia/CIS
Black Sea deal unlikely without Russian concessions
The outlines of a US-brokered agreement for a ceasefire in the Black Sea were agreed last month
Estonia’s Russian minority will come under pressure
Parliament adopted a law pressuring the Estonian Christian Orthodox Church to sever ties with Moscow
Kyiv will seek extension to EU market access
Ukraine is urging Brussels to prolong its preferential trade arrangement with the EU
UkraineClimate change impact will be less severe in Caucasus
A UN report found that the South Caucasus is likely to suffer relatively less from the impact of climate change
CaucasusUncertainty of tariff delay will weigh on investment
The new US bilateral tariff has been cut to 10% for 90 days for all nations except China which faces 125% tariffs
InternationalArmenia-Azerbaijan peace deal moves closer
Armenia and Azerbaijan have agreed on the outlines of a peace deal between the two neighbours
ArmeniaFaster energy demand growth tests transition progress
Energy demand growth is strongest where the energy transition is weakest, limiting climate change adaptation
InternationalEra of cheap Russian electricity will end
A government plan to modernise the electricity generation sector has been revealed
RussiaRisks to Russian federal budget are rising
Russia’s federal budget for the first quarter of 2025 recorded a deficit of 1% of GDP
Russia
