Expert Comment — Global Programme 2026-06-01 TThe G7 price cap on Russian oil, introduced in December 2022, was designed to achieve two objectives simultaneously: reduce Russia’s oil revenue to constrain its ability to finance the war in Ukraine, while maintaining Russian oil on global markets to prevent a supply shock that would drive up global […]
Expert Comment — Eurasia Programme 2026-05-18 TBefore February 2022, Russia was the senior energy partner in its relationship with China. Russia’s vast natural gas reserves, its established infrastructure connecting Siberian fields to Chinese markets, and its experience as a global energy supplier gave it leverage in negotiations. The Power of Siberia pipeline, which began operations
Expert Comment — Russia and Eurasia Programme 30 April 2026 Key Findings Urals crude has surged past $100 per barrel, generating an estimated $1.5 billion in additional daily revenue for the Russian budget. The Russian Ministry of Economy has downgraded oil and gas production forecasts for 2026-2029 due to sanctions and infrastructure damage. Russia’s loss
Russia’s Energy Paradox: Soaring Oil Prices Mask a Struggling Industry Read More »
Expert Comment — Eurasia Programme 2026-04-22 TThe Northern Sea Route has been described as the Suez Canal of the twenty-first century, a trans-Arctic shipping lane that will transform global trade by reducing the distance between Asia and Europe by 30 to 40 per cent. The route runs from Murmansk on Russia’s Barents Sea coast through
Expert Comment — Europe Programme 3 March 2026 The European Union’s energy transition has entered a new and more difficult phase. The early stages — building wind and solar capacity, setting targets, passing legislation — were relatively straightforward. The current phase — integrating variable renewables into the grid, managing the social costs of transition, maintaining
Europe’s Energy Transition: Progress, Costs and the Coming Political Test Read More »
Expert Comment — Eurasia Programme 12 January 2026 Since the full-scale invasion of Ukraine in February 2022, Western analysts have repeatedly predicted the imminent collapse of the Russian economy. It has not happened. Russia’s GDP contracted by just 2.1 per cent in 2022, returned to modest growth in 2023-2024, and the International Monetary Fund projects
Beyond the Rouble: Why Russia’s War Economy Is Headed for a Structural Reckoning in 2027 Read More »
