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Ukraine has halted Russian gas transit to Europe following the expiration of a pre-war agreement, citing national security concerns. This decision is expected to significantly impact Russia's gas market, as Europe aims to eliminate Russian gas imports by 2027. Moldova faces a humanitarian crisis as gas supplies to the breakaway region of Transnistria have been cut off, prompting emergency measures amid fears of a harsh winter.
Donald Trump, named Time's 2024 Person of the Year, will ring the opening bell at the New York Stock Exchange, marking a significant moment in his dual recognition as a prominent New Yorker and businessman. This event highlights his ongoing connection to the stock market as a measure of public approval and success. Despite his legal challenges, Trump continues to engage with the public, having campaigned in New York while facing a criminal trial. His appearance at the stock exchange is a notable first, symbolizing U.S. capitalism and his enduring influence in the business world.
The swift overthrow of Bashar al-Assad's regime in Syria by rebel forces has significant global implications, particularly for Russia and Iran, who are seen as major losers. The U.S., Turkey, and Israel emerge as key beneficiaries, with potential shifts in regional power dynamics and market confidence. Analysts warn of a possible power vacuum in Syria, which could lead to instability, while Turkey's influence may grow if a stable government replaces Assad.
Kaja Kallas, Estonia's former prime minister, has taken office as the EU's high representative for foreign affairs amid significant geopolitical challenges. Known for her strong stance against Russia, she aims to revitalize EU foreign policy discussions and address the bloc's diverse interests, following a tenure marked by her predecessors' struggles. Kallas's assertive approach and commitment to supporting Ukraine position her as a formidable figure in European diplomacy.
President-elect Donald Trump indicated that Ukraine may receive reduced military aid from the U.S. once he takes office, questioning why Europe contributes less despite the ongoing conflict. He emphasized the need for NATO allies to share the financial burden and called for an immediate ceasefire and negotiations to end the war. Trump also noted his strong ties with Vladimir Putin and expressed confidence in brokering peace, while commenting on Russia's diminishing interest in Syria following the conflict in Ukraine.
External Affairs Minister S. Jaishankar defended India's oil purchases from Russia during the Doha Forum, emphasizing that these decisions are based on pragmatism rather than opportunism. He questioned critics by asking if they could offer a better deal, while also advocating for negotiations to resolve the ongoing Russia-Ukraine conflict. Jaishankar highlighted India's diplomatic efforts to engage both President Putin and President Zelenskyy in dialogue to foster potential resolutions.
President Volodymyr Zelenskyy met with Council of Europe Secretary General Alain Berset, expressing gratitude for the organization's support amid Russian aggression. They discussed the need for a Special Tribunal for war crimes, the establishment of a Compensation Fund from frozen Russian assets, and the return of Ukrainian children deported by Russia. The meeting also addressed the Council's role in human rights protection and democratic development in Ukraine.
German Chancellor Olaf Scholz made a surprise visit to Kiev, where he pledged an additional 650 million euros in armaments to Ukraine by the end of December. Despite this commitment, he faces growing criticism from his coalition partners back in Germany regarding his Ukraine policy.
Kaja Kallas and António Costa, newly appointed EU leaders, visited Kiev to express solidarity with Ukraine amid ongoing conflict. Their trip, while symbolic, did not yield new military or financial commitments, as concerns grow over potential U.S. policy shifts under Donald Trump. Ukrainian President Zelensky is now open to a ceasefire, linking it to NATO membership for unoccupied territories, emphasizing the need for strong security guarantees.
The EU is adopting a cautious wait-and-see strategy in response to the Trump presidency, aiming to avoid a trade war. Leaders are addressing economic challenges in Budapest, while Ukrainian President Zelenskyy dismisses Trump's rapid peace proposal for Ukraine. French President Macron emphasizes the need for Europe to strengthen its position in a competitive global landscape.
Volodymyr Zelenskyy
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