Political analytics and forecasts Partly open
Evening Political Roundup, October 25, 2026
Putin cites two figures: Russia’s external debt at 2.6% of GDP and a fifth of the European LNG market—which Europe has promised to stop buying. That same night, Belgorod assesses the damage to homes following a massive drone attack. We examine why low debt is not a sign of economic strength but rather of economic autonomy, who is paying for this autonomy and how, and which rift in Europe Moscow is openly exploiting. Plus, elections in Serbia and Bulgaria with contrasting voter turnout rates, and other events of the day.
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- the full set of indicators and market factors;
- an interpretation of the current picture;
- conclusions and the signals that follow.
