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Saturday 7 June 2025

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Context on Markets
News Russia readies for approval of second COVID-19 vaccine: official

Russia is preparing to approve a second vaccine against COVID-19 in late September or early October, Russian Deputy Prime Minister Tatiana Golikova said on Wednesday.

  • August 26, 2020
News Kazakhstan says it has secured supplies of Russian COVID-19 vaccine

Kazakhstan has signed a deal to get supplies of Russia’s first potential COVID-19 vaccine once clinical trials are complete, the Central Asian nation’s government said on Wednesday.

  • August 26, 2020
Publications Oil Market Collapse Damages the Iraqi Economy

Ahmed Mousa Jiyad By Ahmed Mousa Jiyad, Development Consultancy & Research, Norway

The collapse of the global oil market is undoubtedly unprecedented in its timing, magnitude, spread and devastating impacts across the globe. A strange and unpredicted association of a few, but major, factors had contributed to the current threat, causing much uncertainty and vulnerability on national and global levels. The revised "OPEC+" production cut agreed on 12 April prompted initial minor improvement in oil price, but there remains very many serious concerns that such reduction is much below what is needed to bring stability to and balances a saturated global oil market. READ MORE

  • April 15, 2020
Publications Will Armenia Withstand the Global Economic Turmoil?

Benyamin Poghosyan By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

The world economy has been in troubled waters since late 2018. The US – China trade war rattled the markets and triggered the significant changes in global supply chains. Many industrial giants were actively discussing the dislocation of production facilities from China to South East Asia nations such as Vietnam and Cambodia seeking to decrease the negative impact of the trade war.[…] However, the novel Coronavirus (COVID – 19) outbreak, which started in Chinese Wuhan city, has launched its seemingly unstoppable march around the globe since late January 2020. READ MORE

  • March 26, 2020
Publications New Russian Embargo - Collapse for Georgian Economy or Historic Chance?

By Nika Chitadze, PhD, Director, Center for International Studies, International Black Sea University, Tbilisi    By Nika Chitadze, PhD, Director, Center for International Studies, International Black Sea University, Tbilisi

By Putin's order, flights to Georgia from Russia will be prohibited from July 8. Based on past experience, it can be mentioned, that this step from the official Kremlin may not be a catastrophe for Georgia and on the contrary, to be a chance for the better future. The opening of the Russian market during the last several years and the partial settlement of relations with Russia was considered as a means of growth of Georgia's economy, but the developments since 2013 have proved contradictory. READ MORE

  • July 12, 2019
Publications Ukrainian Gas Transit: Still Vital for Russian Gas Supplies to Europe

Jack Sharples By Jack Sharples, Research Fellow of the Oxford Institute of Energy Studies and EGF Associate Researcher on the External Dimensions of Russian Gas

With European gas import demand having risen substantially since 2014, Gazprom has dramatically increased its sales on the European market. In Q1 2018, Gazprom reported record daily gas exports to Europe in late February and early March. This Comment addresses the question of how those volumes were delivered to the market, and the extent to which the infrastructure for delivery of those volumes was used, highlighting that, in times of peak European gas import demand, full utilisation of the Nord Stream and Yamal-Europe pipelines left Ukraine as the only transit route with spare capacity. READ MORE

  • May 16, 2018
Publications Status Report: The Ukrainian Navy

By Eugene Kogan, Tbilisi-based defence and security expert

Undoubtedly, the Russian annexation of Crimea in March 2014 caused serious damage to the Ukrainian Naval Forces. About 70 per cent of the fleet has been lost and what remained is in poor shape and in need of repairs.
The resulting conflict in the Eastern part of Ukraine drew attention, energy and resources away from the difficult state of the Ukrainian Navy towards the urgent needs of the army and air force. The perilous state of the economy has further decreased financial support for the Navy’s needs. In addition, a debate on the conceptual vision of the Navy divided the expert community and top naval personnel for about 15 months. READ MORE

  • April 27, 2018
Publications The Other Side of Conflict Resolution: Mobilizing Peace Constituencies in the South Caucasus

Elkhan Nuriyev By Elkhan Nuriyev, BREC Global Energy Associate, EGF Affiliated Expert

The international community has so far paid little attention to the South Caucasus where the conflict resolution process is stuck in political limbo for years. This apparent neglect and the lack of understanding of the deep-rooted issues have created an informational landscape where fake news stories harm the ordinary people and violate their fundamental right to make informed choices on the basis of accurate information that is free of deception and manipulation. In effect, the current climate of disinformation aggravates regional tensions and makes incumbent authorities vulnerable to instability. READ MORE

  • March 27, 2018
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