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Twenty years after Russia cast off its Soviet economic model, its central bank is still struggling to keep inflation under control. To moderate price increases, the central bank must clarify its approach to monetary policy.
After two decades of stagnation, Russia and the United States have pledged their support for reductions in nuclear warheads. But the vision of mutual disarmament remains plagued by doubts on all sides.
Russia faces a range of challenges as it attempts to modernize and effectively use its power on the global stage in the coming decade.
As events continue to drive Russians and Chechens further apart, Moscow must find a way to establish a Russian civic identity in which the peoples of the Caucasus have a stake.
Promoting democracy in the six post-Soviet countries in Eastern Europe that were designated by the European Union as deserving special attention will require the EU to offer incentives for implementing reforms.
While Russians are increasingly calling for political reforms, the high price of oil allows the Kremlin to increase social spending and avert broad public discontent for a while longer.
Modernization is one of the Kremlin’s stated priorities, but Russia faces a number of challenges as it seeks to modernize its economic and political processes.
Nearly two years after Russia and Turkey signed a series of energy cooperation protocols, the two countries remain unable to reach a breakthrough in their energy relations.
The reluctance of Armenia and Azerbaijan to commit to peace negotiations over Nagorny Karabakh blocks the efforts of the international community to establish peace and U.S. bilateral interests in the two nations constrain a more aggressive push to force a deal.
While nuclear arms control is enjoying a renaissance of late, whether that momentum dissipates or leads to further agreements will require a painstaking effort by U.S. and Russian diplomats and experts to move past Cold War prejudices and the mistakes and misunderstandings of the post-Cold War era.
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