Ukraine will cease all transit of Russian gas through its territory by the end of 2024, President Zelenskyy announced. This decision aims to prevent Russia from profiting from the war by disguising its gas as originating from other countries, such as Azerbaijan. While acknowledging potential financial losses for Ukraine and hardship for countries like Slovakia, which heavily relies on Russian gas, Zelenskyy emphasized the imperative of denying Russia further revenue for its war effort. He suggested a conditional exception: allowing transit only if European buyers refuse to pay Russia until the war ends, a scenario unlikely due to contractual obligations. This decision is likely to further strain relations between Ukraine and Slovakia, given the latter’s dependence on Russian gas and skepticism toward further supporting Ukraine.
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In response to intensified Russian attacks, Denmark has committed an additional $292 million to strengthen Ukraine’s air defenses. This funding supports the operation of Ukraine’s F-16s and is part of over $7.5 billion in military aid provided since the start of the invasion. The contribution follows Denmark’s delivery of a second batch of F-16s and reflects a broader coalition commitment to supporting Ukraine against ongoing Russian aggression. This aid prioritizes counteracting Russian air strikes, a critical need for Ukraine’s defense.
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In a year-end press conference, Vladimir Putin admitted that Russia should have begun its invasion of Ukraine sooner and with more thorough preparation. He also discussed Russia’s continued support of the Assad regime in Syria, its strengthened relationship with China, and its assertive nuclear doctrine. Despite claiming progress in Ukraine, Putin expressed openness to compromises to end the conflict. The event, heavily controlled and broadcast nationally, showcased Putin’s perspective on Russia’s current standing in global affairs.
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The EU’s support for Ukraine and its global role dominated the leaders’ meeting, with a unified approach deemed crucial for maintaining international influence. Kallas highlighted the contrast between a “might makes right” world order and the EU’s commitment to rules-based international relations. The collapse of the Syrian regime was viewed positively, exposing the weakness of Russia and Iran. Consequently, the EU plans to explore collaboration with Syria’s new leadership to shut down Russian military bases.
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The U.K. announced a £225 million military aid package for Ukraine, including naval equipment, air defense systems, and counter-drone technology. This substantial commitment, totaling £12.8 billion since 2022, underscores Britain’s unwavering support for Ukraine amidst ongoing conflict and concerns about potential shifts in U.S. aid. The package also features training for Ukrainian soldiers, highlighting a multifaceted approach to bolstering Ukraine’s defense capabilities. Prime Minister Starmer’s emphasis on continued aid underscores the U.K.’s commitment to supporting Ukraine, even in the face of potential future challenges.
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A coordinated Ukrainian Navy and SBU operation struck the Novoshakhtinsk oil refinery in Russia’s Rostov Oblast on December 19th, utilizing drones and missiles. The refinery, crucial to the region’s fuel production, suffered significant damage and fire, impacting its catalytic cracking unit. Russian authorities confirmed explosions and a fire, while Ukrainian sources claimed the attack disrupted a significant portion of the refinery’s output. This attack follows previous Ukrainian strikes targeting the same facility and other Russian oil infrastructure.
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The World Bank approved a $2.05 billion funding package for Ukraine, including a $1 billion grant—the first disbursement from a new $20 billion U.S. loan fund backed by frozen Russian assets. This package, supplementing $1.05 billion in World Bank financing enhanced by Japanese and British guarantees, aims to bolster Ukraine’s financial stability and support crucial economic reforms. These reforms encompass various sectors, including railways, energy, agriculture, and banking, and are designed to foster sustainable growth and EU accession. The funding will provide budget support to the Ukrainian Finance Ministry while promoting policy changes to strengthen the economy.
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In a meeting with President Zelenskyy and other European leaders, NATO Secretary-General Mark Rutte emphasized the necessity of bolstering Ukraine’s position for potential future peace negotiations with Russia. This includes providing comprehensive military aid, such as advanced air defense systems, to strengthen Ukraine’s defensive capabilities. President Zelenskyy echoed this sentiment, highlighting the need for a unified European stance to secure lasting peace and emphasizing the crucial role of air defense in Ukraine’s winter resilience. Rutte stressed that the terms of any peace agreement should be determined solely by Ukraine and Russia, cautioning against premature speculation on potential peace deals.
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With a looming change in presidential administration, concerns exist regarding the timely disbursement of the remaining $5.6 billion in military aid earmarked for Ukraine. While the Biden administration aims to utilize presidential drawdown authority to expedite the process, fully expending these funds before the transition is considered unlikely. This leaves a substantial sum potentially transitioning to the incoming Trump administration, whose commitment to continued Ukrainian support remains uncertain. Trump’s past statements suggest a potential shift in U.S. policy, raising anxieties about reduced aid and increased pressure on European allies.
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Mykhailo Travetsky’s farm in Pryluky became the scene of intense fighting during the initial weeks of the Russian invasion. His property was situated near a stalled Russian column, transforming it into a frontline battleground. Locals engaged in armed resistance to defend the farm, while Mr. Travetsky continued his daily chores amidst the shelling, carrying a rifle and wearing body armor. This period established a critical benchmark for all Ukrainian businesses struggling to operate amid the conflict.
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John Q. Hosedrinker