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"Asia and Eurasia in a Multipolar World" - an article by T. Bordachev for the Valdai Discussion Club
Main ideas: <br />- The purpose of the alliance between China and Russia is national development and ensuring the security of the countries<br />- Regional cooperation institutions will retain their importance for Russia <br />- The main challenge for the Russian Federation is the transformation of neighboring countries into a territorial military base of global powers <br />- Russian policy in Eurasia is aimed at building relations with the medium and small states.

On December 21, 2021, the School of International Regional Studies of the Faculty of World Economy and International Affairs, HSE Universityorganized a meeting with Dr. Lev Sokolshchik, Associate Professor of the School of International Regional Studies of the Faculty of World Economy and International Affairs, HSE Universityas part of a series of online seminars "Contemporary Area Studies".

On December 11<sup>th</sup>, Vitaly Yermakov, CCEIS expert, spoke at the RAND Business Leaders Forum. <br />Vitaly’s topic was “COP-26 and Russia”, and his main points were as follows: <br />- The results of COP-26 have demonstrated that the tradeoffs between growth and climate mitigation are real and difficult causing the international politics of climate change to lead to disunity in case of a radical and hasty transition. <br />- An attempt to shift the policy agenda at COP-26 away from demand-side measures to supply-side pressure and restrictions, declaring coal the main “enemy” and casting any investment incentives for hydrocarbons as “inefficient fossil fuel subsidies” has run into the opposition of the developing countries that need to address energy poverty and maintain economic growth. <br />- Power crunch in China and gas crunch in Europe are powerful reminders that energy transition is going to be costly and volatile and is going to lead to political upheavals. <br />- Elections will be lost by politicians who placed their bets on the green agenda but failed to deliver energy security. <br />- Russia’s energy strategy is evolving in response to climate change agenda but the official documents like ES-2035 are outdated and are no longer relevant. Russia’s recent policy guidance suggests the readiness for course corrections but also the intent to protect its vital interests. This results in pragmatic approach to energy transition based on Russia’s strategic strengths and free of ideological dogmas. At the same time, Russia’s leadership has realized that it must be actively involved in shaping the global climate agenda. Russia’s pledge of reaching net zero by 2060 will be achieved via a combination of processes, involving energy efficiency, greater role of natural gas combined with CCUS followed by a gradual introduction of hydrogen, new generation of nuclear, and increasing the absorption capacity of Russia’s forests.
On November 24, the Oxford Institute for Energy Studies published a new research paper by CCEIS' expert Vitaly Yermakov and Anastasia Yermakova -The Northern Sea Route: A state priority in Russia's strategy of delivering Arctic hydrocarbons to global markets.



On 8-9 November 2021, in virtual format was held Global Energy Conference by JP Morgan. Vitaly Yermakov, the CCEIS Expert, has participated in it and spoke about the causes and solutions of Europe's gas crunch.


