Navigating Russia
Craig KennedyA deeper look at Russia: history - energy - political economy
| Platform |  | Pricing | Only free issues | Publishes | Infrequently |
|---|---|---|---|---|---|
| Issues | 14 | Founded | 4 years ago | Last Issue | 4 months ago |
| Active | |||||
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navigatingrussia.substack.comLatest Issues
The Mystery of the Bella 1: Why Did Moscow Mount a "Spetsoperatsiia" to Save a Stateless Shadow Tanker?
Seacoast at Night by the Lighthouse (1837, detail), by Hovhannes Aivazian (aka, Ivan Aivazovsky)
Summary: Engineering a Crisis in a Bid for Leverage
This report examines Moscow’s motives for trying to prevent U.S. authorities from...
Restraining Russian Oil: New Sanctions are Poised to Further Erode Moscow’s Faltering War Finances [highlights from forthcoming reports]
La Jeunesse de Samson (Samson’s Youth), Leon Bonnat (1891)
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A full report on the new Russian oil sanctions should be released soon.
New measures target demand for Russian exports and mark the most significant developmen...
Moscow’s Fading Shadow Fleet: Russian Oil Revenues are More Vulnerable than Ever
Hovhannes Aivazian (Ivan Aivazovsky), Seascape, 1860.
"We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the supply chain.”
—Indian refining official, Reuters, Feb. 13, 2025...
Russia's Hidden War Debt (full report)
Hieronymus Bosch, The Conjurer, ca. 1502
Working Draft
This report identifies a new dimension of Russia’s war-funding strategy: a heavy reliance on off-budget debt to supplement its defense budget allocations. Excessive reliance on this o...
Russia’s Hidden War Debt
Hieronymus Bosch, The Conjurer, ca. 1502
UPDATE, February 14, 2025: The full report—including updated numbers—has now been published on Navigating Russia and can can be found at: Russia’s Hidden War Debt (full report).
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Authors
The writers behind this newsletter.
Prior: 25 years global finance and energy. Now: associate Davis Center, Harvard, writing a history of the Russian oil industry (1860-today) & its impact on civil society. Education: Harvard BA & PhD (Russia & Mid East), Oxford MA (Turkic Languages).
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