Note
Pieces
NOTE: PURL in Five Numbers
The PURL mechanism, launched to finance the purchase of American military equipment destined for Ukraine, has taken, since its launch, an increasingly central place…
NOTE: Revisiting Golden Dome, what the numbers confirm
Revisiting a file already covered only makes sense if the numbers, once rechecked, confirm or qualify what was announced the first time; that is…
NOTE: Lukoil, the toxic asset nobody wants to buy
Lukoil has carried, since October 2025, a label few oil companies want to wear: that of a sanctioned asset, too toxic to sell, too…
NOTE: China's budget slowdown, one week later, the tally
A week has passed since China's defense budget for 2026 was announced, enough time to move past the first hot takes and draw up…
NOTE: why Scarborough matters more than it looks
Ten years after the international arbitral ruling of 2016, Filipino fishermen are still, according to Reuters, being driven away from Scarborough Shoal by a…
NOTE: Xi Jinping changes tactics on Taiwan, what Western observers are taking away
The daily average of Chinese air incursions into the Taiwan Strait has fallen by half compared to 2025, according to the Straits Times of…
NOTE: China's budget slowdown, the context we often forget
The rise in China's defense budget for 2026 comes to 6.9%, the weakest increase since 2021, according to Reuters, in a March 10, 2026…
NOTE: Field notes on Scarborough
Ten years after the 2016 arbitral ruling, Philippine fishermen are still telling Reuters the same story: they keep getting pushed off Scarborough Shoal.
NOTE: Xi Jinping Changes Tactics on Taiwan
The daily average of Chinese air incursions into the Taiwan Strait has fallen by half compared with 2025, according to the Straits Times of…