Struggling democracy Armenia left isolated and vulnerable, while for the leaders of Azerbaijan and Georgia, Trump’s victory indicates a welcome relief from the usual US emphasis on democracy and human rights.
Kyiv wants to become a transit hub for Azerbaijani gas after ending Russian gas transport, but plan faces political, logistical and economic hurdles.
As its parting shot, the Biden administration imposed the toughest sanctions yet on Russian oil. The incoming Trump administration is changing tack and talking about negotiations, but should tighten sanctions further and cause Russia real pain.
Russia’s full-scale invasion of Ukraine has caused massive destruction of civilian infrastructure. This includes a wide variety of assets and sectors, which have suffered at least $500bn in damage.
The G7’s Extraordinary Revenue Acceleration Loans for Ukraine mechanism is designed to provide Ukraine with an additional $50bn in financial assistance over 2024-27, and will provide a stable source of funding over the next few years.