Carnegie Politika Podcast
The Carnegie Politika Podcast delivers world-class analysis on what’s happening in Russia, Ukraine, and Eurasia. Every month, Russia expert Alexander Gabuev talks to Carnegie scholars and regional analysts on the ground to respond to emerging regional trends, the future of Russian geopolitics, and how the region is shaping the world.
What Went Wrong in Russia? Russian Imperialism, With Ekaterina Schulmann and Alexander Graf Lambsdorff
Russia went from a tsarist empire and the totalitarian USSR to the freedom of the 1990s, complete with hopes of becoming a European democracy. Unfortunately, multiple missteps and reckless foreign policy endeavors have resulted in Russia becoming a security threat to Europe and its own neighbors. Two Chechen wars, the invasion of Georgia, and annexation of Crimea paved the way for Russia’s full-scale invasion of Ukraine. How did it end up this way? Were there signs? What is the current state of Russian society?
How Russian Diplomacy Lost Trump, With Elizaveta Fokht
Russia has had a year to convince Trump to give up on Ukraine and force Zelensky to surrender, but at the end of 2025, we are yet to see any significant results from the Kremlin’s efforts. After a triumphant beginning that had Europe and Ukraine worried, and an unprecedented Anchorage summit between Putin and Trump, the situation no longer looks as favorable for Russia. The planned Budapest summit has been called off, Trump has introduced the first sanctions against Russian oil giants since returning to the White House, and the U.S. president never misses an opportunity to criticize Pu...
The Collapse of the Oil Empire? New U.S. Sanctions Against Russia, With Edward Fishman
After recent failures to bring the Kremlin to the negotiating table to end the war in Ukraine, Trump has adopted a new approach to Putin, taking the significant step of sanctioning Russia’s two biggest oil producers, Rosneft and Lukoil, while also demanding that China and India stop buying Russian oil. Will this step finally persuade Putin to negotiate an end to his war? Why has it taken the United States so long to go after the two biggest cash cows in Putin’s war chest? Will these sanctions have any side effects for global markets?
How to Handle Russia’s Frozen Assets in the EU, With Robert Zoellick
Russian assets abroad were frozen almost as soon as the country launched its invasion of Ukraine in 2022. The idea of seizing those assets and transferring them to Ukraine has been discussed in Western capitals for more than three years, but no significant action has been taken because the assets are protected by sovereign immunity and the West is officially not at war with Russia. Now, with a new administration in the United States and the war of attrition in Ukraine dragging on, European leaders find themselves between a rock—the need to show unwavering support for Ukraine—and a hard...
What to Do About Russian Drones in NATO Airspace, with Justyna Gotkowska
Over the last month, there have been multiple violations of NATO airspace by Russian fighter jets and drones most likely launched by Russia. The alliance must now come up with an adequate response to this “probing” by the Kremlin and develop a sensible strategy to prevent future violations—while managing the risk of escalation. What is the Kremlin trying to achieve? How prepared is NATO to face this challenge, and what would an effective mitigation strategy look like? How will this new dynamic impact the war in Ukraine and the level of European support for Kyiv?
Putin’s War Engine: How Healthy is Russia’s Oil and Gas Industry? With Sergey Vakulenko
The Russian oil and gas sector has been under significant pressure this year, but has continued to withstand sanctions. Recently, however, Ukraine has launched a series of massive drone attacks against Russian oil refineries, significantly lowering their capacity and making a noticeable dent in Russia’s horn of plenty.
At the same time, global oil prices have slumped, which further complicates Moscow’s management of budget revenues. How is Russia coping with these challenges? Is the expanded energy partnership with China providing a helping hand? And are Western hopes that the Russian war economy’s energy engine will b...
Better Than Ever? Russia-China Relations, with Sergey Radchenko
At this week’s Shanghai Cooperation Organization summit, Vladimir Putin and Xi Jinping seemed determined to show the whole world that Russia-China relations are better than they have ever been. Since Russia’s invasion of Ukraine, China has become Putin’s most valuable ally, both in diplomacy and on the battlefield, providing dual-purpose technology for Moscow to continue its aggression. Are Sino-Russian relations really at their peak? What can the history of the USSR and China teach us about the nature of this union? How strong is the bond between the two?
What’s Going On Inside Belarus with Artyom Shraibman
Since the regime brutally crushed opposition protests in 2020, Belarus has rarely made the headlines. Some see the country as a loyal satellite of Russia, stripped of all agency, others overlook it entirely. Despite the lack of attention, though, much of significance is currently underway. In recent months, Belarus has hosted Western officials, released political prisoners, and apparently tried to distance itself from Moscow (despite allowing Russia to deploy nuclear weapons on its territory). What is happening inside Belarus? And what should Western officials understand about one of the most important pieces of the European security puzzle?
For...
Back to the Stalin Era? An Inside Look at the Russian Elites, with Farida Rustamova and Margarita Liutova
Since the beginning of Russia's full-scale invasion of Ukraine, life for Russia’s rich and powerful has passed the point of no return. The recent suicide of Roman Starovoit is the first case in post-Soviet Russia of a cabinet minister taking their own life when faced with an investigation and possible prison term. For many, it has brought back memories of Joseph Stalin’s purges in the 1930s. How are members of the Russian elite processing Starovoit’s death? If the old rules of the game no longer apply, are there any new rules? How will the death affect Putin’...
What Was That? The NATO Summit 2025, with Nathaniel Reynolds
This year’s NATO summit was very unusual on multiple levels. Amid the disruption brought by Donald Trump’s presidency, and with Ukraine’s European allies adamant that continuing U.S. leadership is needed to help the embattled country at the most critical point in its defensive war against Russia, NATO members made an unprecedented commitment to spend 5% of GDP on defense by 2035. Where is NATO headed under Trump 2.0? Will its European members be able to implement the defense spending targets set in The Hague? What lessons is the Kremlin taking from the summit, and how could NATO affect Putin’...
A Friend in Need? Decoding Russia’s Position on the Israel-Iran War, with Nicole Grajewski and Arkady Mil-Man
The war between Israel and Iran, Russia’s key partner in the Middle East, is entering its second week, with potential for escalation and worrisome spillover effects. Yet Moscow is not rushing to support Tehran in any meaningful way. President Vladimir Putin has even downplayed the significance of the strategic partnership agreement signed with Iran just six months ago. Instead, Putin is courting Donald Trump, offering mediation: an offer the U.S. president was quick to reject. Will there be a more heavy-handed intervention by the Kremlin to help Iran? What cards can Russia still play to remain relevant? Ho...
How Stable Is the Russian War Economy? With Alexandra Prokopenko
At the beginning of the war in Ukraine, Western leaders put a lot of faith in applying economic pressure to Russia, and it is now probably the most sanctioned country in the world.But despite the unprecedented sanctions tsunami, the Russian economy is yet to collapse. How long can the Kremlin maintain its ever-growing military spending and the overall economic imbalances? Will Putin be able to simultaneously finance his costly war, keep the population happy, and maintain macroeconomic stability?
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For additional insight into this issue, read Alexandra Prokopenko's piece for Foreign Affairs on Putin’s trilemma: ht...
Calculating Russia’s Losses in Ukraine, With Mika Golubovsky and David Frenkel
Soon after the start of the war in Ukraine, Russia stopped publishing official data on its military losses. Despite that, analysts from independent media still manage to extract data from multiple sources, such as regional obituaries, payments, satellite images, and other open-source intelligence resources. How did Mediazona, a civil rights media outlet, become a leading source of data on Russia’s losses? How reliable is the data, and what does it tell us? Will the growing military casualties ever lead to a public backlash in Russia?
You can read Mediazona's analysis here:Â https://en.zona.media/article/2025/04/25/cas...
Special Episode: Victory Day in Russia, with Arkady Ostrovsky
Russia’s Victory Day public holiday, celebrated on May 9, has undergone a major transformation in Putin’s Russia. Historically, it was a day of somber commemoration, and its main leitmotif was “Never again.” Under Putin, the holiday has become increasingly militaristic, with the memorial aspect now overshadowed by the far more belligerent slogan “We can do it again.” How did this happen, and what role does Victory Day play in the Putin regime today?
Does Ukraine Need a Ceasefire at Any Cost? With Michael Kofman
While recent diplomatic efforts to bring Ukraine and Russia to a peace deal and the unexpected Easter truce announced by Putin are bearing no fruit, the situation on the battlefield remains the most influential factor in the future trajectory of the war—including diplomatic attempts to bring the conflict to a halt. Donald Trump seems to believe that Ukraine will inevitably lose the war if a peace deal that can satisfy the Kremlin isn’t achieved. But is that really the case? What shape are Ukrainian and Russian forces in in terms of manpower, equipment, and tactics? And what are...
Trump’s Tariffs and Their Effect on Russia with Tatiana Mikhailova
When U.S. President Donald Trump announced his long list of reciprocal tariffs, many instantly noticed that one country had escaped any restrictions: Russia. Does that mean Russia is now a safe haven amid the ongoing economic storm? And what are the consequences for Moscow of a falling oil price, and the unprecedented U.S. tariffs on China, Russia's most significant trading partner?
A Deep Dive Inside Ukraine with Balazs Jarabik
Throughout the war, many people have been skeptical about how long Ukrainian society could hold up before inevitably collapsing under Russian pressure. After three full years of war, there are no signs of discord or the looming collapse of the unity of the Ukrainian people. After his public dressing-down by Trump in the Oval Office, Zelensky’s popularity only increased. But is the real picture more nuanced than this? What processes are unfolding right now inside Ukraine?
Can Trump Drive a Wedge Between Russia and China? With David Rennie and Yanmei Xie
What is the reason for the sudden change of heart in U.S. policy on Russia under the Trump administration? One theory is that Donald Trump is trying to lure Russia out of China’s sphere of influence and drive a wedge between Moscow and Beijing, a move described by some as a “reverse Kissinger.” How accurate is that theory, and does the U.S. administration have the instruments needed to pry China and Russia apart?
Relationship Goals? Unpacking the Latest U.S.-Russia Talks, With Eric Green and Felicia Schwartz
With the arrival of the new administration in the White House, everyone waited with bated breath for the first executive orders regarding the war in Ukraine. The actions of President Donald Trump and his team have not only damaged the United States’ reputation, but also overall transatlantic unity and—most importantly—Ukraine's prospects of security guarantees and a lasting peace. After the latest high-profile talks in Saudi Arabia, the world has been left to ponder what it all means.
Ukraine’s Last Defender? Germany, the EU, and Russia's War, with Sophia Besch
In 2022, in response to Russia’s invasion of Ukraine, German Chancellor Olaf Scholz declared “Zeitenwende”—a “turning point” in how Germany should think about its defense and security. As the third anniversary of the war approaches amid signs that the Trump administration wants to bring it to an end on terms favorable to Russia, Germany is yet to form a new government following the collapse of Scholz’s coalition. What does the upcoming federal election mean for Germany and its role supporting Ukraine? What changes to German and EU defense can be expected, depending on the composition of the new coalition?<
Triangle of Sadness: Prospects of Trump-Putin-EU Peace Talks on Ukraine, with Eric Ciaramella
Since Donald Trump’s inauguration as U.S. president, ways to stop the carnage in Ukraine this year have been the subject of intense policy discussions in capitals around the world. Despite Trump’s rhetoric about ending the war swiftly and forcing Putin into a deal, there is still no clear vision of how a cessation of hostilities could be reached. Does the new team in the White House have what it takes to secure a deal that guarantees Ukraine’s sovereignty, and what is the way forward?
No Silver Bullet: The Effect of Russian Energy Sanctions, With Sergey Vakulenko and Tatiana Mitrova
For a long time, oil and gas sales were the Russian economy’s main source of income. Since the start of the full-scale invasion of Ukraine, the EU and U.S. have unleashed unprecedented sanctions upon the Russian energy sector. The effectiveness of this pressure is hotly debated, since Russia has proved able to continue its assault.
What is the current state of the Russian oil and gas sector? How have the last three years changed Russia’s approach to selling energy commodities, and how have developments affected the global energy market?Â
Check out Sergey’s piece...
Assad’s Downfall and the Consequences for Russia in the Middle East
Russia has had a strong military presence in Syria ever since 2015, bolstering the regime of Bashar al-Assad and pushing back the rebels. But in the space of a few days this month, the rebels were able to take major cities including Damascus and overthrow the government. Assad was forced to flee the country and seek refuge in Moscow. What does this mean for Russia, which had invested a lot of resources in Syria and used it as a bargaining chip in the power play in the Middle East? What will the fallout be from this sudden change of political...
Chaos Is a Ladder. Russia’s New Ballistic Threat and Its Consequences for the West.
After the long-awaited decision of the United States to allow the use of Western-made weapons against internationally recognized Russian territory, Russia retaliated by launching an Oreshnik missile, which it claims is a newly developed intercontinental ballistic missile. With many details about the new missile still unknown, the danger of possible nuclear escalation looms over the world, leaving decisionmakers in the West grappling with the question of how to navigate such dangerous terrain.
Host - Alex Gabuev
Guest - James Acton
Music by Liam Gordon
How Will Trump’s Presidency Influence Russia’s War Against Ukraine?
For many, the recent victory of Donald Trump in the U.S. presidential election looks like a clear win for the Kremlin. Trump has promised to stop the war in Ukraine swiftly—presumably on terms more favorable to Moscow than to Kyiv. But does the president-elect really have what it takes to convince Moscow to stop its relentless assault on Ukraine? What steps does he need to take to attempt to secure the promised peace deal? What will happen if those efforts fail?
The Dissipation of Russian Influence in Moldova
Russia is using agents of influence, propaganda, vote buying, and the Orthodox Church to retain influence in Moldova. With a presidential election looming, the people of Moldova must decide whether they want to continue the EU-integration course led by President Maia Sandu, or whether to spurn it and pursue a different path, all while Russia tries to seek and invent new ways to remove agency from what it considers “a potential part of Russia.”
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You can read Maksim Samorukov’s recent paper on Moldova here: https://carnegieendowment.org/research/2024/10/moldova-russia-strategy?lang=en¢er=russia-eurasia
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Unbalancing Act. What the 2025 Budget Says About the Russian Economy
Despite predictions that the Russian military budget had reached its peak, the recently announced 2025/26 budget shows otherwise. To keep the war machine oiled and functioning, the Russian government is once again raising military spending substantially to levels not seen since the collapse of the Soviet Union. Some in the Russian elites believe that ongoing high demand in the military industrial complex will expedite economic growth. Several miscalculations by the West and a lack of massive military achievements from Ukraine have allowed the Russian economy to withstand the pressure of sanctions. But how sustainable is the current economic strategy, and...
How Are Russia and Ukraine Adapting to the Kursk Incursion?
In August, the Ukrainian armed forces managed to pull off an incursion into Russian territory. Unlike previous forays executed by small paramilitary groups, the incursion into Russia's Kursk region appears to be more strategic and serious. Russia was forced to retreat, leaving behind a lot of conscripts who were taken as prisoners of war by the Ukrainian army. While the operation seems to be slowing down, its long lasting consequences are still not clear. Regional governments in border regions of Russia are trying to maintain the facade of life as usual while evacuating people from the affected area.
<...NATO at 75: Ukraine, Russia, and the Future of European Security
Russia’s unjustified aggression against Ukraine has revitalized NATO, and this new energy was on display at the recent 75th anniversary summit of the alliance. While there were some long-term decisions to boost European deterrence against the Russian threat, other key questions were left unanswered. Can Ukraine become a full member of the alliance? When can this happen? The open-ended confrontation in Eastern Europe, and the risks posed by a belligerent Russia, have resulted in a situation that is more ripe for escalation than the darkest days of the Cold War.
In this episode, renowned historian Mary El...
Arc of Instability: How to Survive as an “In-Between” European State
The war in Ukraine has left a group of “in-between” European countries more vulnerable and insecure than ever before. These countries—Armenia, Bosnia and Herzegovina, Georgia, Moldova, and Serbia—find themselves in what we have termed an “arc of instability” between Russia and the European Union.
What's Happening Between Russia and North Korea?
Putin has visited North Korea for the first time in 24 years. The visit reflects the two countries' deepening alignment amid Pyongyang's active support for Russia's aggression against Ukraine. Andrei Lankov provides insights into the signals being exchanged between Moscow and Pyongyang, and addresses the question of whether a real alliance might be on the cards.
What Impact Will Russia's New Defense Minister Have in Ukraine?
Following his fifth presidential inauguration, Russian President Vladimir Putin has approved a new government. The most significant change is to the Defense Ministry, which will now be led by Andrei Belousov, a Keynesian economist and former deputy prime minister. Coming amid the ongoing war in Ukraine and notable arrests within the Defense Ministry, the reshuffle has prompted questions about Kremlin priorities.
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What will Belousov's first moves as defense minister be? How will his predecessor Sergei Shoigu’s role evolve, and how might it impact the frontline in Ukraine?
Is Putin Prioritizing Regime Survival Over Fighting Terrorism?
Responsibility for the March 22 terrorist attack at the Crocus City concert hall has been claimed by the Afghanistan-based Islamic State Khorasan (ISIS-K), and most of the suspects are migrants from Tajikistan. Yet Russian authorities remain steadfast in their insistence that Ukraine and "Western forces" orchestrated the indiscriminate murder of over 140 people. What does this fixation on Ukraine signify for Russia’s regime stability? Is there genuine conviction within Putin’s inner circle that Ukraine masterminded the attack? And what real threats does Russia face from radicalization in Central Asia?
Is Western Apathy Trapping Belarus in Russia's Embrace?
Four years ago, Belarus reached a point of no return in its delicate balancing act between Russia and the West. Desperate for support, Alexander Lukashenko's regime has become increasingly reliant on Moscow since 2020. Russia's full-scale invasion of Ukraine has further solidified Belarus's position as a close satellite state. What does this mean for the future of Belarus? What roles do Lukashenko and the Belarusian elite play? And how should the West re-evaluate its approach to Belarus in light of these circumstances?
Post-Election Russia Resembles the Soviet Union
Russia’s presidential election this month shattered all previous records, with president Putin "securing" an unprecedented 87.3 percent of the vote. The critical question now is: how will Putin’s re-election be perceived, both domestically and internationally? Is he a legitimate leader in the eyes of Russians and the global community?
Podcast: Navalny's Legacy for the Russian Opposition
The sudden death of the jailed Russian opposition leader was a shock, though it was not unexpected. For the last decade, Navalny had been the most vocal critic and opponent of Putin's regime, while his Anti-Corruption Foundation had supporters in almost all Russian regions and cities. Only Navalny was able to consolidate people across Russia in waves of protests against corruption and the authoritarian regime. What impact has Navalny's death had on Russian society and the opposition movement? What is Navalny's legacy? Is there any other person inside or outside Russia who can lead the opposition to Putin's regime...
What’s the Secret of the Russian Economy’s Resilience?
The Western sanctions imposed against Russia in response to its full-blown invasion of Ukraine were not just designed to put a cost on Moscow’s actions, but also to stem the flow of materials and money enabling it to wage war. Why did this hope fall short, and how is Putin’s wartime economy faring as we approach 2024 and the second anniversary of the invasion? What do we know of the current state of the Russian economy, and what indicators can we use to plot its trajectory?
Learned Indifference: How Russian Society Has Gotten Used to War
Since Russia launched its "special military operation" against Ukraine, Russian society has adapted to living amid conflict. Despite initial predictions that public outrage would topple the regime, the majority of Russians have consolidated around the Kremlin, viewing it as a defender against a perceived threat from the West.
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How accurate are wartime opinion polls? How have the dynamics of support for the war in Russia changed during the past year? Which events have changed public perceptions in Russia over the last 18 months? What needs to happen in 2024 to bring about a change in these perceptions?
What Does Russia Stand to Gain From the Israel-Hamas War?
It's been more than a month since Hamas attacked Israel, reigniting the Middle East crisis once again and switching the focus of other political players to the region. Is Russia benefiting from the escalation in the conflict? How is it affecting the war in Ukraine? And what are the long-term consequences for Russia's position as a global player in the Middle East?
What Does the Post-Prigozhin Russian Regime Look Like?
Just two months ago, Yevgeny Prigozhin, head of the infamous Wagner mercenary army, dominated global headlines after his short-lived mutiny against the Russian military and political leadership. Until recently, Prigozhin was considered a leading Russian politician, with some even believing he could rival President Vladimir Putin. Yet his highly suspicious death did not spark any outrage or visible consequences within Russia. What was behind the Prigozhin phenomenon? What does his untimely death mean for Russia’s political elites? And what will Putin’s regime look like now that Prigozhin is gone?