Russia

The 600-Ship Armada: How Russia Built a Shadow Fleet of Uninsured Tankers to Evade the G7 Price Cap, at a Cost of $5 Billion a Year in Extra Shipping Fees

Expert Comment — Global Programme 2026-06-01 TThe G7 price cap on Russian oil, introduced in December 2022, was designed to reduce Russia’s oil revenue while maintaining Russian oil on global markets. The mechanism prohibits Western insurance, shipping, and financial services from facilitating Russian oil sales above the cap of $60 per barrel. The elegant logic

The 600-Ship Armada: How Russia Built a Shadow Fleet of Uninsured Tankers to Evade the G7 Price Cap, at a Cost of $5 Billion a Year in Extra Shipping Fees Read More »

The $4 Billion Annual Discount: How China Exploited Russia’s Loss of European Gas Markets to Secure a 30 Per Cent Price Cut on Power of Siberia 2

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Expert Comment — Eurasia Programme 2026-05-18 TBefore February 2022, Russia sold approximately 150 billion cubic metres of natural gas to Europe annually at prices indexed to oil, generating over $50 billion in annual revenue. By early 2026, pipeline gas exports to Europe had fallen to near zero. The loss of the European market has forced

The $4 Billion Annual Discount: How China Exploited Russia’s Loss of European Gas Markets to Secure a 30 Per Cent Price Cut on Power of Siberia 2 Read More »

Russia’s Energy Paradox: Soaring Oil Prices Mask a Struggling Industry

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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

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The 300 Per Cent Premium: Why Shipping a Container from Rotterdam to Shanghai via the Northern Sea Route Costs Three Times More Than Via Suez, Even With Russian Subsidies

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Expert Comment — Eurasia Programme 2026-04-22 TThe Northern Sea Route runs from Murmansk on Russia’s Barents Sea coast through the Kara Sea, the Laptev Sea, the East Siberian Sea, and the Chukchi Sea to the Bering Strait. At approximately 6,000 nautical miles between Rotterdam and Shanghai, it is roughly 4,000 nautical miles shorter than the

The 300 Per Cent Premium: Why Shipping a Container from Rotterdam to Shanghai via the Northern Sea Route Costs Three Times More Than Via Suez, Even With Russian Subsidies Read More »

Europe’s Energy Transition: Progress, Costs and the Coming Political Test

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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

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Beyond the Rouble: Why Russia’s War Economy Is Headed for a Structural Reckoning in 2027

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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

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The 600-Ship Armada: How Russia Built a Shadow Fleet of Uninsured Tankers to Evade the G7 Price Cap, at a Cost of $5 Billion a Year in Extra Shipping Fees

The $4 Billion Annual Discount: How China Exploited Russia’s Loss of European Gas Markets to Secure a 30 Per Cent Price Cut on Power of Siberia 2

Russia’s Energy Paradox: Soaring Oil Prices Mask a Struggling Industry

The 300 Per Cent Premium: Why Shipping a Container from Rotterdam to Shanghai via the Northern Sea Route Costs Three Times More Than Via Suez, Even With Russian Subsidies

Europe’s Energy Transition: Progress, Costs and the Coming Political Test

Beyond the Rouble: Why Russia’s War Economy Is Headed for a Structural Reckoning in 2027

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