The coronavirus pandemic has only intensified the rivalry between the United States and China, hastening the advent of a new era of bipolarity. How can Russia maintain equilibrium and avoid being drawn into the U.S.-China confrontation as a junior partner of China? Will the collapse of oil prices and subsequent loss of revenue force Russia to rein in its ambitious foreign policy of recent years? Are there renewed hopes for progress in the Donbas peace talks? And will the Kremlin finally be forced to turn its focus to domestic affairs? Carnegie Moscow Center director Dmitri Trenin and Elena Chernenko, a special correspondent at the Kommersant publishing house, join podcast host Alexander Gabuev to discuss these issues and more.