Excuse my French but the EC’s push to assure Ukraine’s financing, and to keep it in the war, despite the US pulling back, is turning into a bit of a shit show.
After being debriefed on the Moscow meeting between US special envoys and Russian President Vladimir Putin, US President Donald Trump told reporters that the Russian leader wants to do a deal, but the next steps were “unclear.”
US investment bank Goldman Sachs reports that the oil exports by Russia’s recently sanctioned energy giants, Lukoil and Rosneft, have fallen by 1.1mn barrels a day, while those of non-sanctioned companies are up the same amount.
Key talks between the US and Russia to end the war in Ukraine on December 2 ended inconclusively but made “some progress.”
The European Central Bank has refused to support a €140bn EU loan package intended for Ukraine, dealing a significant blow to a controversial initiative that sought to finance Kyiv using a cash pile from the investment of Russian frozen assets.
Brussels increased focus on Ukraine, Moldova and the Western Balkans while scaling back engagement in other regions, says new analysis by Carnegie Europe.
Russian Chief of the General Staff Valery Gerasimov told President Vladimir Putin that Russian forces had seized the cities of Pokrovsk in Donetsk region and Vovchansk in Kharkiv region during a visit by the Russian leader.
US officials met with a Ukrainian delegation in Florida to thrash out a timetable for presidential elections, the possibility of land swaps between Russia and Ukraine and other issues that remain unresolved on November 30.
Drone strikes are “harming bilateral relations”, warns Astana.
Ukraine’s former commander in chief and now ambassador to the UK General Valerii Zaluzhnyi lashed out at the Zelenskiy administration in what appears to be the start of a bid to take over as president.
The United States is preparing to resolve all outstanding territorial issues with Ukraine in advance of high-level negotiations in Moscow, Axios reported, citing unnamed sources familiar with the talks.
Ukraine has intensified its campaign against Russia’s oil trade by striking two tankers linked to Moscow’s sanction-evading maritime network in the Black Sea.
Ukrainian President Volodymyr Zelenskiy has accepted the resignation of Andriy Yermak, his long-time chief of staff and the power behind the throne, after anti-corruption investigators raided his home and office on November 28.
This is the most concerted effort to end the war in Ukraine since the failed Istanbul peace deal in 2022. But after the initial optimism, the chance of a deal going through are fading.
As always with Moscow-Ankara relations, it’s complicated.
Aggressive escapism might not be a legitimate psychological term, but it is the best way to describe the opposition to the 28-point peace plan for Ukraine pushed by Trump’s administration.
As the information frenzy surrounding the ongoing Ukraine peace deal talks intensifies, Russian President Vladimir Putin made a series of comments on November 27 designed to cut through some of the haze and lay Russia’s demands a bit more clearly.
The European Parliament adopted a resolution on November 27 setting out the conditions for a peace deal to end the war in Ukraine that starkly clashes with the US proposals and will almost certainly be rejected out of hand by the Kremlin.
State-owned PrivatBank will start international enforcement proceedings to seize the assets of jailed oligarch and President Zelenskiy former business partner Ihor Kolomoisky, after he missed a 43bn court-ordered damages payment.
Russian companies reported profits were down nearly 8% and losses have surged by a quarter in 3Q25 y/y. Financial stress across key sectors in the economy is rising over the first nine months of 2025, according to Rosstat,