President Biden’s administration has requested $24 billion in emergency funding for Ukraine, comprising $16 billion for replenishing US weapons stocks and $8 billion for the Ukraine Security Assistance Initiative (USAI). This request, submitted on November 25th, faces a December 20th deadline to avoid a government shutdown and has drawn criticism from some Republicans who believe it hinders peace negotiations. The USAI funds weapons production for Ukraine rather than depleting US reserves further. Despite this opposition, the administration remains committed to supporting Ukraine’s defense through 2025.
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The Russian ruble has fallen to its lowest level against the US dollar since the beginning of the Ukraine invasion, reaching 107 rubles per dollar—a two-year low. This significant depreciation is attributed to ongoing sanctions impacting the Russian economy, particularly the recent targeting of Gazprombank, hindering international payments and further reducing gas export revenue. The upcoming holiday season is expected to exacerbate the situation, increasing import demand and putting additional pressure on the ruble. While a weaker ruble may benefit exports, the resulting high inflation (currently 8.5 percent) and the Central Bank’s attempts to counteract it through interest rate hikes are proving insufficient to stabilize the currency.
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Norway’s initial 2025 budget proposed significantly reducing aid to Ukraine, but following parliamentary discussions, Prime Minister Jonas Gahr Støre announced a potential increase to 30 billion kroner ($2.7 billion). This would more than double the proposed funding and represent a substantial commitment exceeding Norway’s current 2024 aid level. The final decision is pending, but the proposed sum would solidify Norway’s position as a major contributor to Ukrainian support efforts. This follows recent pledges, including a 500-million-euro aid package focused partly on military assistance.
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Russia’s newly deployed “Oreshnik” hypersonic missile, successfully used in a strike on Dnipro, is reportedly impervious to Western air defenses and can reach European capitals within minutes, according to Dmitry Medvedev. This claim, coupled with the missile’s potential for nuclear warhead deployment, has prompted concerns among Ukraine’s allies and an emergency NATO meeting. While Ukraine disputes the missile’s invulnerability and provided missile fragments for analysis, Russia asserts its right to retaliate against countries enabling attacks on Russian territory. The use of the Oreshnik follows Ukraine’s recent use of Western-supplied missiles against targets within Russia.
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Ukrainian forces repelled a recent Russian offensive near Kupiansk in Kharkiv Oblast, maintaining full control of the city and its environs. Russian attempts to cross the Oskil River have been met with heavy losses, with only a small fraction of attacking units successfully reaching the opposite bank. This success follows earlier repelling of Russian attempts to break into Kupiansk. The city’s strategic importance as a key transportation hub underscores the significance of this Ukrainian victory.
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Following reports from the Telegram channel “Ostorozhno, Moskva,” Moscow police conducted raids within the Tchaikovsky Moscow State Conservatory’s dormitory, issuing military summonses to students. One student, Daniil, recounted a surprise early morning detention, where police lacked proper identification and escorted him and others to the enlistment office. After a seven-hour detainment, Daniil was released with a summons for the following Monday but was left without his passport. The incident highlights the abrupt and potentially coercive methods used to fulfill Russia’s military mobilization efforts.
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Russia’s escalating inflation, reaching 7.4% year-to-date, is causing a ruble devaluation and impacting food prices dramatically; potato prices are up 350% since December. This has led to numerous cancelled fruit and vegetable import contracts from Turkey, Egypt, and Iran, as exporters demand price adjustments to offset currency risks. The Central Bank’s attempts to control inflation through interest rate hikes have proven largely ineffective, further jeopardizing the Russian economy. The combination of inflation and currency instability represents a critical economic challenge.
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During his visit to Athens, NATO Secretary General Mark Rutte emphasized the need for increased alliance support for Ukraine, citing Russia’s escalating actions, including the deployment of North Korean troops and utilization of Iranian and Chinese resources. He commended Greece’s substantial contributions to Ukraine’s defense, including weapons, training, and exceeding NATO’s minimum defense spending commitment. Greek Prime Minister Mitsotakis echoed the need for stronger collective defense and a closer NATO-EU partnership. Rutte’s visit, following meetings with U.S. and Turkish officials, coincided with protests against NATO’s involvement in the conflict.
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During a recent large-scale drone attack on Ukraine, a record 188 Shahed-type drones and other UAVs were launched, with Ukrainian forces shooting down approximately 80 and suffering damage to critical infrastructure, particularly in Ternopil. President Zelensky attributed this attack to Russia’s circumvention of international sanctions, highlighting the approximately 16,000 foreign-made components within the drones. He urged stronger global collaboration to enforce sanctions and halt Russia’s aggression.
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Russia’s territorial gains in Ukraine have significantly accelerated in 2024, exceeding 2023’s gains by nearly sixfold, according to the Institute for the Study of War (ISW). This advance, particularly in the eastern Donbas region, threatens key Ukrainian logistical hubs like Kupiansk and Kurakhove, leading experts to warn of a potential collapse of the Ukrainian eastern front. Simultaneously, Ukraine’s incursion into Russia’s Kursk region, while initially successful, is now faltering as Russian forces reclaim lost territory, raising concerns about the strategic effectiveness of the operation. The situation is further complicated by the prospect of a second Trump administration and potential reductions in US military aid to Ukraine.
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John Q. Hosedrinker