Publications
Russia’s Need to Circumvent Sanctions Gives New Life to North-South Project
By Fuad SHAHBAZOV, Baku-based independent regional security and defence analyst
With the unprovoked military intervention in Ukraine, Russia has been isolated economically and politically due to the Western-imposed sanctions. But while the sanctions banned Russia from trading with the Western states, particularly in the energy field, some nations still prefer to maintain trade relations with Moscow. Countries like Iran, China and India are seeking to strengthen trade turnover by pushing the International North-South Transport Corridor (INSTC) project for a better connection via a multimodal transport network that spans rail, road, and sea. READ MORE
Publications
The War in Ukraine and the Future of the World Order
By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies
Since the start of the Ukraine war in February 2022, discussions have been underway about the impact of the war on the evolving global order. The transformation of the world order is a very complicated and multi-layered process, and history tells us that it takes decades and is often accompanied by bloody conflicts between great powers. In the last decade, there were several prevailing predictions of the world order – a new bipolar world dominated by the US and China, a multipolar world with several equal players such as the US, China, Russia, India and the EU, and a nonpolar world characterized by constant conflicts and instability. READ MORE
Publications
The Impact of the War in Ukraine on Russian-Turkish Relations
By Eugene KOGAN, Tbilisi-based defence and security expert
Russian-Turkish relations are in large part based on the personal chemistry, affinity, and trust between Presidents Vladimir Putin and Recep Tayyip Erdoğan. Russia’s invasion of Ukraine has put these personal ties to the test. While President Erdoğan also maintains a close working relationship with Ukrainian President Volodymyr Zelenskyy and Turkish-Ukrainian military ties are strong, it has become clear that Erdoğan is not willing to sacrifice relations with Putin for Zelenskyy’s sake. Moreover, Erdoğan’s efforts to mediate between the two leaders have been either rebuffed or ignored by Putin. As Russia’s war in Ukraine continues, where things go from here is far from certain, but it is worth considering the range of possibilities. READ MORE.
Publications
How Will the Ukraine Crisis Shape the World Energy Market?
By Fuad SHAHBAZOV, Baku-based independent regional security and defence analyst
Russian military aggression against Ukraine launched almost two months ago has clearly signalled a change in the traditional world order and triggered the unprecedented reaction of the Western coalition led by the U.S. The ongoing conflict between Russia and Ukraine has left the global energy market uncertain, threatening to cause severe energy shortages and oil prices exceeding $110 per barrel.
Since the Russian intervention in Ukraine kicked off, numerous sanctions packages have been imposed on Russia, hitting mostly financial institutes and state-owned companies. This resulted in Western countries’ consolidation, and the collective refusal of Russia-related transactions and import of Russian natural gas, oil, and coal. READ MORE