This week has seen a flurry of activity in the Middle East, with important meetings between Russia and the Gulf Cooperation Council, Iran, Saudi Arabia, Bahrain and Kuwait, while meetings also took place with neighbouring Azerbaijan and Turkiye. Aside from the regional security issues, a larger picture is emerging – the shifting of supply chains away from the Strait of Hormuz and to the northern Caspian – a region beyond NATO’s interference and that carries significant logistics developments for the Gulf, as well as Central and South Asia. The Eurasian geopolitical map is being extensively redrawn. We also discuss the implications of Armenia’s potential suspension from the EAEU, look at two premium Russian trade events involving agriculture and digital technologies, showcase the Russia-India business forum in Kazan and the bilateral agreements signed, review the Russia-ASEAN 2026 multilateral trade performance in some detail, and provide two reports from Latin America – Russia’s trade relations with Bolivia and Paraguay. Finally, we look at why Russia’s herring exports to Egypt have skyrocketed and take a ride of Russia’s first hydrogen-powered train.