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podcast
Carnegie Politika
No Silver Bullet: The Effect of Russian Energy Sanctions, With Sergey Vakulenko and Tatiana Mitrova

Podcast host Alex Gabuev is joined by Sergey Vakulenko, a prominent expert on Russia’s shadow fleet, oil trade, and sanctions evasion, and a senior fellow at Carnegie Russia Eurasia Center; and Tatiana Mitrova, another sought after expert on the energy market, Russian oil and transportation, and a research fellow at the Center on Global Energy Policy, to discuss Russia's energy sector, sanctions, global trade and more.

  • Alexander Gabuev
  • Sergey Vakulenko
· January 16, 2025
commentary
Carnegie Politika
What the End of Ukraine Gas Transit Means for Kyiv, Moscow, and Europe

Perhaps each of the parties was hoping that one of the others would have such a vested interest in continuing the transit that they would agree to lose face and make concessions, but in the end everyone was prepared to suffer rather than give anything away to the enemy.

  • Sergey Vakulenko
· January 15, 2025
In The Media
in the media
Trump’s Ambitious Oil Plans Will Not Derail Russia

Since the beginning of the war, the West has managed to put a dent in Russia’s oil revenues, but it is now struggling to reduce them further.

  • Sergey Vakulenko
· January 6, 2025
Financial Times
commentary
Carnegie Politika
Russia’s Economic Gamble: The Hidden Costs of War-Driven Growth

The storm of government spending is sustaining the current state of affairs, but it cannot address the chronic problems that have long plagued the Russian economy. We are witnessing an irreversible turn toward economic stagnation.

· December 20, 2024
commentary
Carnegie Politika
Amid Latest Sanctions, Russian Businesses Resort to Ancient Payment Practices

As the latest U.S. sanctions make it even harder and more expensive for Russian businesses to settle international payments, they are being forced to resort to the age-old practice of hawala.

  • Sergey Vakulenko
· December 17, 2024
commentary
Carnegie Politika
The Kremlin Has Limited Options to Shore Up the Ruble

While U.S. sanctions caused the Russian currency to drop sharply in November, the changing structure of trade flows means the ruble is doomed to weaken further. 

· December 11, 2024
commentary
Carnegie Politika
Russia’s Economic Woes Fuel Search for Scapegoat

Russia’s central bank finds itself in the firing line amid sky-high interest rates and an economy that looks headed toward recession and stagflation.

· December 3, 2024
paper
Can the Digital Ruble Shield Russia From Western Sanctions?

A central bank digital currency could provide Russia with an alternative to the SWIFT international payment system from which it has been cut off, but the digital ruble has a long way to go before it enters mainstream circulation.

· October 17, 2024
commentary
Carnegie Politika
Is a “Shadow Fleet” of Oil Tankers Really Circumventing the Russian Price Cap?

With a quarter of the global tanker fleet transporting Russian cargo in 2024, the so-called “shadow fleet” is neither as separate nor as obscure as might have been thought.

  • Sergey Vakulenko
· September 27, 2024
commentary
Carnegie Politika
What Can Azerbaijan Expect From Its New Partnership With China?

Azerbaijan is cautiously welcoming more Chinese investment, but its desire to keep outside companies away from strategic industries could cause friction.

· August 13, 2024