After a lull, violence in Ukraine escalated once again this week, as Russian-backed rebels launched offensives both in the besieged eastern cities of Donetsk and Luhansk and on a new front, against the southeastern port of Mariupol. Peace talks in Minsk were canceled today in response to civilian casualties in Donetsk. According to the Financial Times, Western intelligence officials are increasingly concerned that Russian President Vladimir Putin is not just trying to keep Ukraine destabilized, but actively working to carve out a viable Russian puppet state, to be called “Novorossiya” (New Russia), in southeastern Ukraine. While Putin’s ultimate ambition remains […]
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This Sunday, Jan. 25, Greeks will go to the polls for snap elections, with the radical left party Syriza currently polling ahead of the governing center-right New Democracy party by a margin of about 5 percent. The elections were called due to a technicality of Greece’s constitution requiring the dissolution of parliament if it is unable to elect a new president, a mostly decorative post in Greece’s parliamentary democracy. When that in fact transpired and parliament was dissolved on Dec. 29, three things became apparent about the course of the country’s politics and fragile economic recovery, even as new questions […]
Yesterday, the Belarusian ruble rebounded slightly in international currency markets for the first time since the Russian ruble plummeted in value in December. The gain follows emergency steps taken earlier this month by Belarus’ central bank to devalue the ruble by 7 percent, increase the main refinancing rate and add a new export tax on potash, all in an attempt to manage the fallout from Russia’s sudden economic crisis. This in turn followed a move in late December to replace Belarus’ prime minister and the head of the central bank in order to aggressively respond to the currency drop. The […]
Where will international stabilization forces intervene in 2015? Potential answers include Libya, Syria, Nigeria’s northern borderlands and eastern Ukraine. Restoring order in any one of these places, let alone two or more at once, would be a daunting task. Libya is sinking into full-scale civil war. Syria has been ravaged by four years of violence, leaving over 200,000 dead. The Boko Haram militant group has inflicted repeated defeats on the Nigerian military in a conflict punctuated by massacres by both sides. Russia retains the ability to turn the war in Ukraine on and off at leisure. Few countries outside these […]
U.S. President Barack Obama has returned from his holiday vacation in Hawaii to start a “barnstorming” tour across the United States to make the case for his domestic policy agenda in the run-up to the State of the Union address on Jan. 20. Faced with a new Republican-controlled Congress that will not be particularly hospitable to his proposals, Obama is likely to emphasize his core domestic priorities. When he does return to foreign policy matters after the address, Obama, like other “fourth quarter” presidents before him, will likely begin to sort the issues facing him in his last two years […]
On Jan. 1, 2015, Russian President Vladimir Putin’s flagship geopolitical project, the Eurasian Union, formally came into existence. Building on the existing Customs Union between Russia, Belarus and Kazakhstan, the Eurasian Union’s official goals are to enhance its members’ economic prosperity and political influence by promoting the free flow of capital, goods, labor and services, and by coordinating their agricultural, energy, industrial and transportation sectors. Back in the fall of 2011, when still prime minister, Putin made establishing a Eurasian Union among the former Soviet republics a major theme of his successful presidential campaign. He argued that by coordinating their […]
When diplomats want to explore a way out of a crisis, they like to talk about striking a “grand bargain” and try to avoid the word “climb-down,” which tends to imply an acknowledgement of failure or defeat. Nevertheless, Russia and the United States, trapped in costly confrontations over Syria and Ukraine, may need to agree to a sort of “grand climb-down” that allows the two powers to get out of unsustainable positions as painlessly as possible. Moscow and Washington both begin 2015 stuck with the consequences of poor strategic bets. Russia’s intervention in Ukraine now looks like a truly disastrous […]