Get ready for the sequel. On November 6, the Associated Press declared Donald Trump the winner of the 2024 US presidential election. A transition now kicks off as world events continue to churn. When he returns to the presidency on January 20, Trump’s inbox will be full of global challenges. How will he respond? And
Russia’s Central Bank raised its key policy rate to 21 percent in late October as the Russian authorities struggle to manage a wartime economy that is in danger of overheating due to a combination of factors including rising inflation, sanctions pressure, and record defense sector spending. While Kremlin officials and many international analysts insist that
Ukraine is reportedly considering lifting restrictions on the export of drones as the country seeks to strengthen domestic drone production. The Ukrainian drone manufacturing industry has expanded rapidly since the start of Russia’s full-scale invasion and is now operating at well below its potential capacity due to a lack of government funding. Supporters of the
The ongoing Israel-Iran hostilities risk disrupting global oil markets and reigniting inflation. But the United States and its allies should not hesitate to release strategic reserves if this conflict threatens to spike oil prices. The US Strategic Petroleum Reserve (SPR) of crude oil is currently well-stocked for domestic needs. After accounting for fifty-two-week averages of
A Ukrainian company that creates AI solutions for drones recently secured funding from a consortium of four foreign investors worth almost $3 million. This deal is one of the largest individual investments in the Ukrainian defense tech industry since the beginning of Russia’s full-scale invasion. It is part of a growing trend as investors increasingly
NEW YORK—Two dark clouds hung over the United Nations General Assembly this week in New York. The first was the growing peril of Chinese-Russian common cause. The second was uncertainty about whether US leadership will rise to the challenge after the November elections. It’s impossible to separate the two issues, as the disruptive dangers of
It is often said that armies always prepare to fight the previous war. This rings particularly true in relation to the Russian invasion of Ukraine. The sheer scale of the war unleashed by Vladimir Putin in February 2022 has exposed a lack of preparedness among the Western defense establishment, which has spent the past few
Could the Group of Seven (G7) deal to mobilize Russia’s immobilized reserves for Ukraine now be upended by a risk-weighting exercise? Senior US officials have been invited to join this week’s meeting of the European Union (EU) member states’ top representatives in Brussels in one of the last attempts to secure US participation in the
Since February 2022, dozens of US senators and representatives, both Democrats and Republicans, have made the long journey to Kyiv to show support for Ukraine’s fight against Russia. It’s a challenging trip from Washington involving multiple flights, a sometimes-jammed border crossing, and a long train ride. But the chance to show US support and learn
After almost two and a half years of war, Ukraine still doesn’t have a working airport. Instead, the journey in and out of the country must be undertaken by road or rail. This takes days and costs the country billions annually in lost revenues. The absence of a functioning airport complicates travel for everyone, from
