The hydrocarbon industries of the former Soviet Union are undergoing innovative development. In Russia, conditions both enable and inhibit the construction of a new economy focused on incentives for innovation.
Minimizing the environmental impact of climate change and resource development in the Arctic must be a top priority, if environmental disaster is to be avoided.
The Obama administration needs a new approach to the Caspian region that provides opportunities for local leaders to engage with the United States in economic and political development.
Russia's economic dependence on declining oil revenues has prompted calls to diversify into other industries, but the first step to economic stability is diversification within the oil industry.
Russia must aim for modernization and use its foreign policy to achieve rapprochement with Europe, North America and the economically and politically developed world at large.
Russia has threatened to cut gas supplies to Ukraine on January 1st if a $2 billion gas debt is not resolved, and both countries stand to lose if they fail to reach a settlement in time. Carnegie experts in Washington and Moscow discuss the implications of the dispute for regional stability, European energy security, and Russia’s relations with the West.