Russia’s National Welfare Fund (NWF), initially holding $140 billion in liquid assets, has been significantly depleted to $53.8 billion due to the ongoing war and budget deficits. To cover these shortfalls, projected to reach $61 billion over the next three years, Russia has resorted to selling gold reserves and faces further financial strain from recent US sanctions impacting trade with China. These sanctions have complicated transactions, forcing reliance on intermediaries for payments. The dwindling NWF reserves highlight the increasing economic pressure on Russia.
Read More
A Belarusian Investigative Center report revealed a Russian-operated torture chamber in Naroulia, Belarus, between March and May 2022, where Ukrainian prisoners of war and civilians were held and abused. Concurrently, a record-high 151 Russian drones illegally entered Belarusian airspace in November, significantly exceeding previous monthly totals. The European Parliament responded by urging stronger sanctions against Belarus, Iran, and North Korea for supporting Russia’s war effort. Furthermore, sanctioned Belarusian potash producer Belaruskali filed a €1 billion arbitration claim against Lithuania.
Read More
Russia retaliated against Poland’s October closure of a Russian consulate in Poznań by ordering the closure of Poland’s consulate in Saint Petersburg, effective January 10, 2025. Three Polish diplomats were declared personae non grata and expelled. This action reflects escalating tensions between the two countries, stemming from Russia’s invasion of Ukraine and Poland’s accusations of Russian sabotage and cyberwarfare. The Russian foreign ministry cited Poland’s “openly hostile policy” towards Russia as justification for its actions.
Read More
The Ukrainian Congress Committee of America (UCCA) has formally petitioned the FCC to deny SpaceX’s application for 22,488 additional Starlink satellites, citing concerns over Elon Musk’s ties to Russia and potential misuse of Starlink by Russian forces. The petition highlights Musk’s alleged interference in a Ukrainian military operation against the Russian navy and his reported secret conversations with Vladimir Putin. Furthermore, reports of Starlink terminals being found on Russian drones further fuel these national security concerns. The UCCA represents the interests of approximately two million Ukrainian-Americans.
Read More
A Ukrainian drone strike successfully destroyed a North Korean Bulsae-4 anti-tank missile vehicle in Kharkiv Oblast. This marks the first confirmed strike on a North Korean vehicle deployed to support the Russian war effort in Ukraine. The Bulsae-4, carrying eight anti-tank missiles, was targeted by the Vitrolom drone group, part of the Ukrainian army’s 3rd Assault Brigade. This action highlights the growing importance of targeting North Korean reinforcements, crucial to sustaining Russia’s increasingly costly offensives in eastern Ukraine and Kursk Oblast.
Read More
In 1994, Ukraine relinquished its substantial nuclear arsenal in exchange for security guarantees from the U.S., U.K., and Russia under the Budapest Memorandum. Russia’s subsequent invasion of Ukraine demonstrates a blatant disregard for these guarantees, leaving Ukraine vulnerable and highlighting the agreement’s failure to provide promised security. Experts debate the wisdom of Ukraine’s disarmament, with some arguing that retaining nuclear weapons would have served as a stronger deterrent, while others emphasize the practical and political challenges of such a path. The Budapest Memorandum’s failure continues to shape Ukrainian security policy and fuels ongoing discussions about the country’s future relationship with nuclear weapons and international alliances.
Read More
In response to Russia’s ongoing aggression, the White House announced a comprehensive strategy to bolster Ukraine’s defense. This includes a significant surge in military aid, encompassing artillery rounds, rockets, and armored vehicles, alongside training for Ukrainian troops outside the country. The plan also involves substantial financial support through loans backed by seized Russian assets and the imposition of new sanctions targeting Russia’s war capabilities. This multifaceted approach aims to strengthen Ukraine’s negotiating position and potentially pave the way for a future settlement.
Read More
NATO foreign ministers, meeting in Brussels, underscored the urgent need for continued support for Ukraine, aiming to secure a just peace and deter further Russian aggression. Discussions focused on bolstering NATO’s defenses against Russian and Chinese hybrid warfare, including sabotage and cyberattacks, and increasing defense spending. Poland, anticipating its upcoming presidential elections, emphasized the importance of strengthening missile and air defense capabilities. The ministers also agreed on the necessity of providing Ukraine with critical energy resources to counter Russia’s attempts to exploit the coming winter.
Read More
Anti-regime forces in Syria captured a sophisticated Russian Podlet-K1 radar system, a significant intelligence coup potentially impacting the region. The system, part of a three-vehicle unit, is a modern air defense radar used in Ukraine and capable of detecting low-altitude targets. Its capture by Hayat Tahrir al-Sham (HTS) rebels, likely near Hama, raises concerns about Western access to sensitive Russian military technology. This follows a pattern of substantial equipment losses by Syrian and potentially Russian forces during the ongoing rebel offensive.
Read More
Voislav Torden, a Russian war crimes suspect, is on trial in Finland for alleged participation in the 2014 massacre of over 20 Ukrainian soldiers by the Rusich paramilitary group. The prosecution, presenting video evidence, alleges Torden’s involvement in the killings and mutilation of soldiers, seeking a life sentence. Torden denies all charges; the trial is significant as the first Finnish prosecution of suspected Ukrainian war crimes and raises concerns about potential repercussions for Finns in Russia. His extradition to Ukraine was deemed inappropriate due to concerns about a fair trial and prison conditions.
Read More
John Q. Hosedrinker