Despite the renewed flow of bank credit, investment remains low in Russia. If investment growth fails to materialize soon, the economy may be headed for a long period of stagnation.
The U.S. administration and politicians in Moscow have sharply divergent views on the ‘reset’ in bilateral relations. Where U.S. officials see dialogue, compromises, and concessions as a means of winning over the other side, the Russian elite considers dialogue to be a sign of weakness.
The crisis in Kyrgyzstan presents an opportunity for the three multilateral groups working in the area to do real, immediate good while building trust and demonstrating that cooperation is possible in the increasingly interconnected and fragile Eurasian security space.
This year, President Medvedev has broken with tradition and begun selecting some lesser-known candidates for gubernatorial posts, to the detriment of several political heavyweights.
As Moscow grapples with the question of whether to intervene to stop the violence in southern Kyrgyzstan, it is forced to confront a vexing issue: can Russia utilize its political and military potential to help resolve local and regional conflicts in Central Asia?
Three days before the anniversary of Iran’s controversial election, the United Nations Security Council imposed its fourth round of sanctions against the country’s nuclear program. These sanctions could end up strengthening the opposition’s argument that the country is in need of new leadership.
While U.S. democracy aid has grown in amount and sophistication over the last two decades under Republican and Democratic administrations alike, American democracy promotion efforts can achieve their full potential only by reforming USAID.
Although Azerbaijan and Turkey have reached an agreement to supply natural gas to Turkey, the Nabucco pipeline project still faces many challenges.
The Kremlin’s new foreign policy agenda reflects Russia’s increasing need to channel resources towards modernization, a project which requires improved relations with the West.
In his first 100 days in office, Ukrainian President Yanukovych has set a positive new tone in his country's relations with Russia and reaffirmed Ukraine’s strategic orientation towards Europe.
The Euro crisis, which strikes at the heart of the world’s largest trading block, no longer threatens just Europe. Economies around the globe are already being affected, and the worldwide recovery is at risk.
In 1998, Russia successfully dealt with a severe fiscal crisis by restructuring its debt. If Greece chooses to do the same, it should take note of three valuable lessons from Russia’s experience.
The Russian government has been stepping up efforts to cancel the direct election of mayors following the cancellation of direct gubernatorial elections in 2004.
Carnegie experts respond to Israel's raid on a flotilla of humanitarian aid ships bound for Gaza, warning that it threatens to destabilize relations between key actors in the region.
Despite the lack of sensations, the NPT Review Conference concluded on a successful note because it managed to avoid what a number of experts had feared – namely a deep-reaching crisis in, or even the collapse of the nuclear nonproliferation regime.
While tensions are rising on the Korean Peninsula and forecasting the North Korean leadership’s next steps is difficult, none of the parties involved have any interest in further escalation.
The Kremlin’s new strategy of “conservative modernization,” which emphasizes economic diversification and strengthening of the rule of law, cannot initiate any significant change, since the obstacles to modernization are endemic to the system itself.
Twelve years after defaulting on its debt, Russian policy makers are again facing difficult choices regarding public spending. With debt remaining at relatively low levels, however, the government should focus on economic recovery, not deficit reduction.
Lifting visa requirements on travel from Russia to the European Union is likely to bring Russian citizens further into the institutional, normative, and cultural pathways of Europe.
Russia’s foreign policy should stop covering up the country’s diminishing status with aggressive rhetoric against the West and, instead, focus on attracting external resources for modernization.