Russia/CIS
Trump’s win heralds a dangerous new phase for markets
Uncertainty about Trump’s economic agenda in his second term is fuelling market volatility as well as ‘Trump trades’
United StatesGas supply risks are higher than oil supply risks
Gas prices have risen on supply risks but oil prices remain near USD70 per barrel on successive cuts to demand forecasts
InternationalIndonesia will strive to draw closer to Russia
The two countries held joint naval drills last week
IndonesiaClimate action disagreements will endure at COP29
Azerbaijan is hosting this year’s COP29; its president has opened with an attack on foreign governments
InternationalGermany’s centrists face risks in early elections
Germany is expected to hold its next federal elections in February, following the government’s collapse
GermanyProspects for South Caucasus foreign policy in 2025
The countries of the South Caucasus are exploiting new opportunities to seek closer relations with other powers
CaucasusIran will boost its influence in the South Caucasus
The proposed Zangezur corridor threatens to destabilise geopolitical relationships in the South Caucasus
IranFinancing may hinder COP16 goals globally
The COP16 biodiversity summit saw progress in numerous areas, but related financial commitments fall short
International
