Belarus' Lukashenko is a shoo-in for his seventh election as president
Lukashenko mulls building a second nuclear power plant
North Korea rejects Belarus summit proposal, calls for clarity in relations
Belarusian blogger sets up a parody bank and token as a joke and unexpectedly becomes a millionaire
Russia arrests Colombian fighter in occupied Kursk as mercenary crackdown widens
Putin faces mounting economic challenges amid pressure for Ukraine peace talks
Sanctions have created opportunities for Chinese tech companies in Russia
Trump issues anti-wind executive order
Trump warns Putin of severe economic measures without swift Ukraine peace deal
The Bavarian branch of far-right AfD party calls for all Ukrainian refugees to be expelled from Germany
COMMENT: Europe needs to start the fightback against Trump now
Analysts expect ‘perfect storm’ of political risks in 2025
Love in the Baltics in a time of war
Emerging Europe split between eager anticipation and wary acceptance ahead of Trump inauguration
Spike in Czech beer exports to Russia highlights cracks in Moscow-bound trade and businesses
City of Budapest vows to exercise pre-emptive rights over plot for planned €5bn luxury project by UAE investor Eagle Hills
Wizz Air stops refuelling at Belgrade airport to comply with US sanctions
Hungarian rapper's video taking aim at Viktor Orban and corruption goes viral
OUTLOOK Poland 2025
Polish PPI eases decline rate to -2.6% y/y in December
Diagnostyka aims to raise €400mn with Warsaw IPO
Slovakia’s populist PM Fico faces no-confidence motion
OUTLOOK Southeastern Europe 2025
Sanctions stepped up in the Western Balkans, but with mixed results
Albania, Italy and UAE to build €1bn Adriatic subsea cable
BALKAN BLOG: Polluted Balkan capitals choke on winter smog
Bulgaria’s ruling coalition rejects central bank law changes putting eurozone entry at risk
Croatian robot boat to tackle microplastics in the Adriatic
Kosovo shuts down Serbian parallel institutions, escalating tensions with Belgrade ahead of elections
Moldovagaz’s head says $709mn debt to Gazprom close to being settled
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
Russian presidential adviser warns Moldova may “cease to exist”
Dispute with Croatia over Jadran training ship could block Montenegro’s EU entry
Lack of large deals shrinks Romania’s M&A market
ECOFIN endorses Romania’s 7-year fiscal plan
Trump withdraws US from Paris Agreement
URUS-ClearPic: Across Eurasia, China is leveraging supply risk successfully – so could others
Serbian President Vucic wants to introduce flying cars by 2027
Istanbul-listed contractor Enka to build Essar's 350-MW hydrogen plant in UK for GBP 529mn
Turkey delivers another 250bp rate cut in line with expectations
Turkish Airlines resumes Damascus flights after 13-year hiatus
PANNIER: Tajikistan, Taliban tone down the hostile rhetoric
Central Asia emerges as new e-commerce hub
Growing Islamic finance in Central Asia to unlock GCC investment
CSTO states express serious concern over terrorist threat in Afghanistan
Russia and Armenia seek to ease strained relations
New US strategic partnership could be revolutionary for Armenia
COMMENT: Armenia makes a strategic turn from Russia towards the West
Armenian prime minister discusses EU membership plans with European Council president
Saving the Caspian Sea for Central Asia and Kazakhstan
Fatal road accident triggers widespread protests in Azerbaijan
NEO: Why pick-up points for online orders are gaining popularity vs. home delivery
Gas exports to Europe to boost Azerbaijan's growth over next decade
Georgians celebrate US friendship in Tbilisi while former president Zourabichvili attends Trump inauguration
Two abducted in central Tbilisi following ‘anti-mask law’ protest
Thousands of Georgians walk out of work in three-hour "warning" strike
Georgians still resisting: the view from Rustaveli
China’s satellite internet provider Spacesail sets up in Kazakhstan
Kazakh central bank’s dollar sales to mirror gold purchases
National security chief rows back on comments he decided to assassinate Kyrgyzstan’s top mobster
OUTLOOK Small Stans & Mongolia 2025
Angry Mongolians take to streets in public backlash over taxes and smog
Mongolia revives traditional "Ghengis Khan" script bichig
EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies
Iran, Tajikistan sign 23 cooperation agreements in landmark visit
A tale of two Tajikistans: the macro and micro realities
Football talent Khusanov poised to become first Uzbek to play in English Premier League after Man City signing
Uzbekistan privatises HUMO, Paynet succeeds with $65mn bid
Sanctioned Russian cargo ship sinks in Mediterranean after explosion
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
Southeast European countries look to Algeria to diversify energy supplies
Slovenia turns back to Algerian gas after flirtation with Russian supplies
IEA: Access to energy improving worldwide, driven by renewables
The hurricane season in 2024 was weird
Global warming will increase crop yields in Global North, but reduce them in Global South
Hundreds of millions on verge of starvation, billions more undernourished as Climate Crisis droughts take their toll
Global access to energy starts to fall for the first time in a decade, says IEA
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
Botswana throws the diamond industry a lifeline
Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them
Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy
Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia
IMF: China’s slowdown will hit sub-Saharan growth
Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms
CAR mercenary becomes first African to die in Ukraine conflict
Overcoming insecurity to unlock the Central African Republic’s mineral riches
Rain, rain go away
Africa, Asia most people living in extreme poverty
10 African countries to experience world’s fastest population growth to 2100
EM winners and losers from the global green transformation
Russia seeks to expand its nuclear energy dominance with new international projects
EBRD warns of risks for emerging markets pursuing industrial policies
Russia blocks UN Security Council resolution on Sudan humanitarian crisis
G20 summit wraps up with a joint statement strong on sentiment, but short on specifics
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Southern Africa has 'enormous' potential for green hydrogen production, study finds
Malaysia seeks BRICS membership
Kazakhstan has no plans to join BRICS, says Astana
Sri Lanka to apply for BRICS membership
From oil to minerals: Gabon’s ambitious mining transition
How France is losing Africa
Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project
Mixing with the running stars at Kenya’s Home of Champions high altitude training camp
Kenya’s untapped mineral wealth holds the promise of economic transformation
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
Panama and Liberia vying for largest maritime registry
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Russia funding war in Ukraine via illegal gold mining in Africa – WGC report
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
Can Morocco's phosphate wealth put it at the centre of the global battery supply chain?
Hajj aftermath: deaths, disappearances and detentions spark investigations across world
Sri Lanka's LTL Holdings targets African power sector
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Can Niger's military junta seize the country's uranium opportunity?
Disaster season: heat waves sweep the world – in charts and maps
More than 5,000 Nigerian women trapped in Iraq
Niger and beyond: Francophone credit delivers coup de grâce
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
Global coal trade approaches its peak
The world has passed peak per capital CO₂ emissions, but overall emissions are still rising
Trump threatens BRICS with tariffs if they dump the dollar
SITREP: Middle East rapidly destabilised by a week of missile strikes
Colombian mercenaries trapped in Sudan’s conflict
Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
WHO declares "global public health emergency" owing to mpox outbreak in Central Africa, new virus strain
Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
Cost of repairing Syria’s power infrastructure put at $40bn by electricity minister
Indian banks' profitability to moderate in FY26
Former chief of the Bank of Japan sees more rate hikes on the horizon
China-Kyrgyzstan-Uzbekistan railway officially launched, but sidetracked at least until summer
Is China ready for Trump’s tariff threats?
INTERVIEW: REnergy Dynamics eyes 175 tonnes per day in compressed biogas projects in India
India on the brink of a new oil shock
Hong Kong firm to build 150-MW wind power plant in Cambodia
Chinese power projects under CPEC leave Pakistan struggling with debt
Microsoft to invest $3bn in India
Japan’s ramen shops face crisis as rising costs push more to bankruptcy
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn
Aluminium prices dip as Trump considers 10% tariff on Chinese imports
India's Competition Commission approves major steel industry acquisition
Trump vows to block Nippon Steel's $14bn bid for US Steel
HESS: Mongolia’s unique success story between rock and a hard place at risk
Powerful earthquakes hit Taiwan, TSMC evacuates employees
COMMENT: Gulf states court Russia but stop short of strategic shift
Bahrain's security chief meets Syrian commander amid diplomatic push
Bahrain and Iran to begin talks on normalising relations
Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry
Iran's Hezardastan sells Android app store Café Bazaar to local Tapsell
Fighter jet crashes in Iran without casualties
Iran’s leader remains silent on Trump at Tehran industry expo
COMMENT: Trump's cryptocurrency venture sparks debate as memecoin risk data emerges
China's Shanghai SUS Environment secures $497mn contract for waste-to-energy project in Iraq
Iraq seeks Iran-backed militia disarmament in new push
ISTANBUL BLOG: “Dog bites man” story as Erdogan arrests more mayors, but there’s more here than meets the eye
IDF Chief of Staff resigns over October 7 security failure
IDF launches major operation in Jenin, four Palestinians killed
Former Jordan official foresees regional challenges under Trump
UPDATED: Hamas military leader thanks Iran, vows resistance will continue
Damascus International Airport resumes operations
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
Syrian foreign ministry urges Kuwait to reopen embassy in Damascus
Kuwait greenlights tax deal with Iraq to prevent double taxation
Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf
French president in Lebanon to meet the country's new leaders
ICJ's Nawaf Salam appointed as Lebanon's new Prime Minister
Lebanon faces a new phase: will Hezbollah surrender its weapons to the state?
Lebanon ends two-year void with military chief Aoun as president
US winds down Guantanamo Bay with removal of Yemenis to Oman
So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
ANALYSIS: Regional escalation on the table following Israeli strike on Iran
The world reacts to Trump 2.0
Syria seeks Qatar support in rebuilding effort as ministers meet in Doha
Saudi crown prince pledges $600bn US investment in Trump call
COMMENT: A call for stability and inclusion as Syria grapples with an extremist government challenge
New Syrian Administration seeks to rejoin Arab League
Abu Dhabi plans AI transformation across government services by 2027
Yemen launches missile at Israeli base amid US-UK airstrikes escalation
Trump's return to White House draws polarised Latin American response
Argentina announces ambitious nuclear programme linked to AI development
Latin America set for tepid growth as Trump tariff threat looms, ECLAC says
Latin America urged to boost tax take and private investment to close development gap
IMF: Breaking Latin America’s cycle of low growth and violence
COMMENT: Trump’s White House picks signal rocky start with Latin America
Latin America trapped in low growth cycle, ECLAC warns
Bolivian President Arce declares "coca is not cocaine" as country expands coca industry
Bolivia's lithium deals with Russia, China raise sovereignty concerns as state bears heavy risks
Brazil court blocks Bolsonaro from attending Trump inauguration over flight risk fears
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
Iranian influx to Venezuela via Colombia triggers regional security fears
Trump reverses Biden's Cuba terror list removal hours after taking office
Cuba prisoner release after terror delisting marks last-gasp reset in US ties before Trump return
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Trump announces 25% tariffs on Mexico and Canada from February 1
EU and Mexico strike historic trade pact
Amazon Web Services to invest $5bn in Mexico digital hub push
Trump vows to “take back” Panama Canal in inauguration speech
Panama rejects Trump's military threats over canal control
Peruvian president's secret plastic surgery ignites scandal
Murder exposes secret prostitution ring in Peruvian Congress
BRICS bank chief touts Uruguay membership in Montevideo talks
Italian aid worker held without charge in Venezuela for two months
Venezuela’s Maduro sworn in for third term as international criticism mounts
Bangladesh’s BNP urges interim government to expedite elections
Bangladesh revokes former Prime Minister Hasina’s passport
Bangladesh explores tank purchase from Turkey as India receives request for Hasina’s extradition
Controversial 10-GW hydropower project in Tibet greenlit by Beijing
China's coast guard deployment raises tensions in South China Sea, Philippines protests
Balancing growth and sustainability: Southeast Asia’s energy dilemma
US imposes preliminary duties on Southeast Asian solar imports
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
Rising gold ETF inflows set to drive global bullion prices
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Authorities seize $3.8mn of meth in northeastern India
Landslide in Central Java, Indonesia claims 17 lives, nine still missing
Bali shuts down "Russian Village"
Russia backs Vietnam's bid to join BRICS
Hiroshima invites Trump to mark 80th anniversary of atomic bombing
The Philippines takes a stand against China's maritime aggression in the South China Sea
Japan establishes diplomatic mission to NATO as ties to Russia, China deteriorate
China signals willingness for dialogue with US as Beijing accepts invite to attend Trump’s inauguration
BCPG to invest $945mn in power projects, prioritising clean energy
Malaysia maintains key interest rate as economy shows resilience
Hundreds of children killed or injured in Myanmar in 2024: UNICEF
Over 120 dead as powerful tremor hits Tibet
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Trump labels North Korea a 'nuclear power' as he eyes diplomatic revival
North Korea issues warning in response to air drills with B-1B bombers
North Korea escalates tensions with ballistic missile launch ahead of Trump's inauguration
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
Trump to give thumbs up on expedited arms supply to Taiwan
Extreme weather surges in 2024
Kamala Harris to visit Singapore, Bahrain and Germany on final vice-presidential overseas trip
Singapore’s PacificLight Power embarks on $735mn hydrogen power plant project
Sri Lanka’s merchandise exports in October up 18.22%
Taiwan's first execution in five years sparks human rights backlash
BRICS expands membership, adding Indonesia, Malaysia, and Thailand
Absent Slovak premier traced to luxury hotel in Vietnam
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
Download the pdf version
Try PRO
The dubious “Trump Dossier” has become a cypher that people invest with whatever meaning they most want to find, whether of the president-elect’s questionable character, or the determination of his enemies to undermine him. However, one key question in the endless back-and-forth interpretations is the sense that Russian policy is ruthlessly disciplined, long-sighted and coordinated. This is a dangerous misapprehension, as it blinds us to the realities of late Putinism. In particular, we need to be more aware that the relentless hollowing out of the institutions of the state have left Russia in the hands of what we could call ‘adhocrats’ – agents of the Kremlin who may come from the civil service or business, and operate fluidly across traditional roles as needs, orders and self-interest require.
Cultivating Trump
The essence of the “Trump Dossier” is, after all, the contention that for years, Moscow has actively been cultivating him, to the point that even before anyone else believed he had a chance in last year’s elections, cunning plans were being laid to win him the presidency, and a cast drawn from the top of the system was involved in negotiation, counselling and cheer-leading him.
Of course, any rich and powerful foreigner – especially an American – is of interest to the Russians. The Kremlin’s omnivorous intelligence services maintain files on everyone who comes to their attention, and whatever else one may say about Trump, he is hardly discreet or unnoticeable. This is what they do as a matter of routine, and it does not necessarily mean any particular interest in him.
As he became a political figure, then the Republican candidate, such interest sharpened. Despite Vladimir Putin’s public claims to the opposite, no one in Moscow seems to have believed he could prevail against Hillary Clinton, not least as, in a classic bit of mirror-imaging, it was assumed “the elites” would “manage” the election to make sure. They were clearly not above some mischief-making, leaking embarrassing emails in the hope of weakening and distracting Clinton, whom they feared would be a dangerous antagonist in the White House (and perhaps as payback for the Panama Papers leak, which was seen as a direct attack on Putin).
Putting aside the implausibility of so much in the “Trump Dossier” that reads like an anthology of the most outré water cooler and wine bar gossip one hears in Moscow, the irony is that it actually paints a picture not of coolly calculated conspiracy, but dysfunction and a kind of pluralism.
The rise of the ‘adhocracy’
It is hard to accept the claim that presidential spokesman Dmitri Peskov managed the whole “suborn/elect Trump” campaign, and also that such a broad cross-section of the upper elite would be involved (and be so universally loose-lipped about this above-top-secret programme). Nonetheless, one aspect of the dossier that does ring true is the degree to which this is an age in which the agents of the Kremlin, and the counsellors to the throne, can as easily be businesspeople or PR flacks as diplomats and scholars.
This, after all, is the essence of Putin’s ‘adhocracy’ – an elite defined by service to the needs of the Kremlin rather than institutional or social identity. The ministries are “below stairs”, essentially engines of the state, there to do whatever they are told. Even ministers are largely important insofar as they have a relationship to, and value for, the Kremlin, and that importance may well have little to do with their formal responsibilities. Foreign Minister Sergei Lavrov has been largely kept out of major international decisions since Crimea in 2014, for example, (which may explain his rumoured departure from office this year). Conversely, when Moscow did decide to take Crimea, and realised it lacked the assets it needed on the ground, it turned to whoever was willing and able to raise the local muscle, in this case the financier Konstantin Malofeev.
What matters is not what your job title may be, or whether or not you are formally a state employee. After all, ever since the arrest of oil tycoon Mikhail Khodorkovsky and dispossession of his assets in 2003-5, it has been clear that even oligarchs are at best temporary stewards of assets at the Kremlin’s favour. Rather, the ‘adhocrats’ are defined by their loyalty, their capabilities, and what they can do today and tomorrow.
Vision, not plan
This is not just a reflection of an essentially personal model of rule. It is also a product of the largely incoherent and unplanned nature of late Putinism. It is not that Vladimir Putin has no sense of the Russia he wants to construct; quite the opposite, it is clear that he envisions his historical legacy as a Russia that is economically dynamic, stable and above all sovereign – which to him means not subject to the whims and influences of outsiders, including international laws and norms – and acknowledged as a great power.
Just as Marx and Engels could dream of a socialist state without bequeathing the Bolsheviks a blueprint which told them how public transport would be run and who would keep the sewers clean, so too Putin is much less clear on the detail as to how his vision is to be achieved. And while this can lead to policy incoherence, it is also a powerfully dynamic factor.
The ‘adhocrats’ become policy entrepreneurs, seeking and seizing opportunities to develop and even implement ideas they think will further the Kremlin’s goal, and hoping as a result to win its favour. Succeed, and you will be rewarded. Fail, and the Kremlin can disown you.
So in many ways, insofar as we can give it any credence, the “Trump Dossier” is being misread by those who want to find evidence of some long-term machinations. Rather, it is a tale of policy entrepreneurship at work. Spooks and other political operators monitoring and maybe even, on a passive and low-key way, cultivating a foreign magnate who might be of some use, some day. Other spooks – and two competing operations, at that – grazing through badly-secured internet traffic just in case it reveals something of interest. One agency (probably the Federal Security Service) pitching the idea of leaking some of that, to embarrass and undermine the presumptive next president and getting the green light from the Kremlin. And then, as much to its surprise as anyone else’s, Trump actually winning.
Russia is neither a chess grandmaster planning the next 20 moves ahead, nor a vodka-sodden drunk randomly weaving amidst the traffic. Rather, it can be considered a pluralistic authoritarianism, in which a variety of ‘adhocrats’ seek fame and fortune by finding their own ways of playing to Putin’s broad vision for the future. Sometimes that can lead to disaster, sometimes unexpected success. Indeed, Trump’s election may prove to be both at once. But either way, Western policy-makers need to understand this if they want to construct meaningful ways of engaging Russia in the future.
Mark Galeotti is a senior research fellow at the Institute of International Relations Prague, a visiting fellow with the European Council on Foreign Relations, and the director of Mayak Intelligence. He blogs at In Moscow’s Shadows and tweets as @MarkGaleotti.
Register here to continue reading this article and 8 more for free or purchase 12 months full website access
Register to read the bne monthly magazine for free:
Already registered
Google Captcha Failed!
Password could contain only a-z0-9\+*?[^]$(){}=!<>|:-_ characters and have 8-20 symbols length.
Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
Forgotten password?
Email field can't be empty.
No user with this email address.
Access recovery request has expired, or you are using the wrong recovery token. Please, try again.
Access recover request has expired. Please, try again.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
If you have any questions please contact us at sales@intellinews.com
Sorry, but you have used all your free articles fro this month for bne IntelliNews. Subscribe to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free subscription to bne's digital weekly newspaper to subscribers to the online package.
Click here for more subscription options, including to the print version of our flagship monthly magazine:
More subscription options
Take a trial to our premium daily news service aimed at professional investors that covers the 30 countries of emerging Europe:
Get IntelliNews PRO
For any other enquiries about our products or corporate discounts please contact us at sales@intellinews.com
If you no longer wish to receive our emails, unsubscribe here.
Magazine annual electronic subscription
Website & Archive annual subscription