Russia/CIS
Russia’s coal industry will continue to struggle
Western sanctions have pushed Russia’s coal industry into crisis
RussiaKazakhstan will target gas and oil processing
Kazakhstan is accelerating efforts to use more gas and increase domestic oil refinery capacity
KazakhstanRussia’s relations with Egypt will face limits
Russia and Egypt have grown closer as both countries seek to diversify their range of foreign partnerships
RussiaRussia is unlikely to support the Huthis militarily
Russia's approach to Yemen is shaped by longstanding ties with different groups and deep engagement with the Gulf states
YemenProlonged high costs will hit tourism rebound momentum
Tourism has recovered strongly in 2023 and 2024 but faces headwinds from high costs and geopolitical tensions
InternationalRussian resource export ban will have modest impact
Russia is considering imposing export restrictions as part of any response to increased NATO support to Ukraine
RussiaThe US election will be crucial for sanctions policy
The 2024 presidential election marks a critical juncture for US policy on economic sanctions
InternationalBaku will seek greater role in Eurasian gas landscape
The collapse of Russian gas sales to Europe has strengthened Azerbaijan’s position as a gas exporter
Azerbaijan
