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Europe divided as US pushes Ukraine-Russia peace deal
In this Quick Take, Ian Bremmer breaks down the controversy around Trump's 28-point Ukraine-Russia peace plan.
He says the proposal was “mostly drafted by the Russians” and loaded with “complete non-starters” for Ukraine, from ceding more territory to reducing troop levels and granting blanket amnesty for war crimes.
Ian explains that while allies publicly “appreciate the American effort,” he notes that few are buying the plan’s substance. With Europe divided and Russia sensing momentum, he warns that “the war is not close to over,” and that the next phase will likely be shaped by battlefield realities, not diplomacy.
Trump, Zelensky, and Putin discuss Ukraine peace deal
All Too Well, indeed. #puppetregime
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Ukrainian President Volodymyr Zelensky meets with US Army Secretary Daniel Driscoll amid Russia's attack on Ukraine, in Kyiv, Ukraine, on November 20, 2025.
What We’re Watching: Kyiv gets a nugget US peace plan, Election day in Guinea-Bissau, Two men from Queens meet at the White House
A nugget for Kyiv in the US plan for ending the war
The United States’ 28-point plan for ending the war in Ukraine appears to contain many items from Russia’s wish list, but it has emerged that it also has something for Kyiv: a security guarantee akin to NATO’s Article 5, which says that an attack on one member state is an attack on all. The US and its European allies would be part of this guarantee. Ukrainian President Volodymyr Zelensky, who faces domestic pressure over a corruption scandal, said on Thursday he’s willing to engage with the plan – although he did draft a statement with European leaders that disavowed parts of the proposal. The Kremlin said it hasn’t formally received the plan.
This West African incumbent may struggle to win reelection
Guinea-Bissau, a West African country of two million people that plays a central role in global cocaine trade, is holding the first round of its presidential election this Sunday. One-term incumbent Umaro Sissoco Embalo faces fierce competition from opposition leader Fernando Dias, who has centered his campaign on security and keeping soldiers out of politics – a rather tough challenge in a country that has had several military coups. The issue hasn’t gone away, either: there was reportedly a coup attempt this year. Most incumbents have won reelection on the continent this year, often amid reports of vote-rigging. Will it be different in Guinea-Bissau?
Two men from Queens walk into the Oval Office
New York City mayor-elect Zohran Mamdani is heading to the White House today to meet with Donald Trump, setting the tone for the relationship between the leader of the US’s biggest city and the US president – and there’s plenty that could go wrong. While they both hail from Queens, they represent movements on vastly different sides of the political spectrum. If things go south, Trump holds a more powerful hand: he has threatened to cut off funding for the city, flood its streets with ICE agents, and send in the national guard. While Mamdani may hesitate to provoke the president, he’ll lose his base if he’s seen as cowing to the president.
Graphic Truth: Europe tries to fill US void in Ukraine funding
Under former President Joe Biden, the United States had been a major supporter of Ukraine, handing more than €100 billion to Kyiv in cumulative financial, humanitarian and military aid. In 2024, the US gave more to Ukraine than all of Europe combined. That has changed since US President Donald Trump took office, with Washington halting most forms of aid to Ukraine (it does still offer some military support, and has handed weapons to Ukraine via money allocated during the Biden administration). Europe has tried to fill the void, as the graphic shows, but there are concerns the European money well is starting to dry up.
U.S. President Donald Trump shakes hands with U.S. House Speaker Mike Johnson (R-LA) after signing the funding bill to end the U.S. government shutdown, at the White House in Washington, D.C., U.S., November 12, 2025.
What We’re Watching: Epstein files on the US House floor, Ukraine hits Russia where it hurts, RSF consolidated its grip on Darfur
The US House set to vote to release Epstein files
The House of Representatives will vote next week to compel the Justice Department to release the Epstein files, after a trove of documents this week further linked President Donald Trump with the late sex offender. Trump and House Speaker Mike Johnson have opposed the bill, but are braced for scores of their party to vote for the release – potentially over 100, according to Politico. Their defections signal that representatives fear being seen as implicated in a cover up could come back to bite them ahead of 2026 Midterm elections. Polling shows that 67% of Republicans agree that the administration should release all the documents. However, even if the bill does pass, it is unlikely to make it out of the GOP-controlled Senate, or get the White House signature it needs to become law.
For Ukraine, is offense the best form of defense?
Ukraine is on the verge of losing another town in the eastern part of the country, and at a great cost, raising questions over whether it should spend so much defending these areas. What’s more, Russia hit several residential towers in Kyiv last night. But Ukraine did have a response, using drones and cruise missiles to strike Russia’s Novorossiysk port, which sits on the Black Sea, and halt exports of 2% of the whole world’s oil supply. Fittingly, crude prices rose 2% as a result. With Ukraine struggling to hold onto towns out east, is a better option to halt Russia a continuation of strikes deep inside enemy territory?
World’s worst war is about to get even worse
Sudan’s horrific civil war is set for a fresh escalation as the paramilitary forces battling the army look to open a new front. The Rapid Support Forces, having consolidated power in the West and the South – where they are accused of recent mass killings and acts of genocide – are now eyeing an eastward push to the Kordofan region. Sudan’s civil war, now in its third year, has already displaced at least 13 million people, forcing some four million into neighboring countries. Estimates of the death toll run to 400,000. The US yesterday called for an arms embargo against the RSF, but the effect is unclear: a recent Washington-brokered ceasefire disintegrated within days.
A fruit and vegetable stall is lit by small lamps during a blackout in a residential neighborhood in Kyiv, Ukraine, on November 6, 2025, after massive Russian attacks on Ukraine's energy infrastructure in October.
Lights out in Ukraine, prices up in Europe
As a fourth winter of war approaches, Russia is destroying Ukraine’s energy grid faster than it can be rebuilt. “We lost everything we were restoring,” Centrenergo, one of Ukraine's largest power operators, said on Facebook following a devastating weekend assault that reduced the country's energy capacity to “zero.”
Since Sunday, most of Ukraine has been plunged into intermittent darkness as the government schedules rolling blackouts to preserve what little power remains. Russian drones and missiles have pummeled power plants, substations, and gas infrastructure in a relentless campaign that has intensified as temperatures drop. Further complicating the situation, Ukrainian authorities charged senior energy officials with a $100 million kickback scheme – which has outraged the public and raised concerns that graft could ward off desperately needed energy assistance from the European Union.
“Since the start of the war, Russia’s main objective in attacking civilian energy infrastructure is to demoralize the population and inflict economic damage,” says Eurasia Group analyst Dani Podogoretskaya. The targets extend beyond power facilities to hospitals, apartment buildings, schools, and kindergartens – all aimed at breaking Ukrainian resolve.
More than three years into the conflict, the strategy appears to be working, at least on paper. Some 69% of Ukrainians now say they are ready to settle for a negotiated end to the war, up sharply from just 22% in 2022. “This is exhausting for Ukrainians,” says Eurasia Group Russia expert Alex Brideau. “They are resisting, but it is taking a toll.”
Yet, with Vladimir Putin showing no signs of coming to the negotiating table, Ukrainians are simultaneously growing more resilient and resigned, adapting their lives to sustain the war effort. Many have purchased small generators to keep the lights on.
Ukraine's military isn't surrendering to the initiative either. Though far less frequent than the strikes they endure, Ukrainian forces have landed attacks deep inside Russia, targeting its energy infrastructure to bring the war home to ordinary Russians. “[This weekend’s] strikes have reinforced the imperative of fighting and winning,” says Podogoretskaya.
A chill across Europe. Ukraine’s energy crisis won’t remain contained within its borders. As the country’s ability for power generation collapses, it must turn to European neighbors for electricity and gas imports — a shift already reverberating through EU energy markets strained since Russia’s invasion.
The pressure is showing up in prices. German baseload electricity for January 2026 delivery has climbed nearly €10 per megawatt-hour in recent weeks, now exceeding €105/MWh and up from €94/MWh in November. Ukraine’s increased demand for imported power will continue pushing regional prices upward as winter deepens.
But the longer-term consequences may prove even more significant. Russia’s systematic destruction of Ukrainian energy infrastructure has poisoned any remaining prospects for cooperation. The idea of resuming Russian gas transit to Europe through Ukrainian pipelines – once a cornerstone of the continent’s energy supply – is now politically dead.
“Any transit arrangement would be viewed as rewarding Russia's deliberate targeting of civilian infrastructure,” says Podogoretskaya. Ukrainian politicians, energy officials, and security experts are united in their opposition to serving as a conduit for Russian gas after watching their power sector and domestic production facilities reduced to rubble. This stance will shape European energy policy for years to come, cementing the EU’s pivot away from Russian energy dependence – even as the costs of that transition continue to mount.
Trump escalates sanctions against Russia
In this Quick Take, Ian Bremmer breaks down the changing dynamics of the Russia-Ukraine war, where Europe is taking the lead in military support while the US adjusts its approach.
“This has gone from a war that the United States was providing most of the direct support to Ukraine to one where the Europeans are clearly taking the leadership role, and this is much more of an existential issue for them,” says Ian.
Meanwhile, the US has eased targeting restrictions, expanded intelligence sharing, and placed new oil sanctions on Russia’s two largest oil companies adding pressure even if it won’t shift the battlefield immediately.
But peace remains distant. Ukraine has signaled willingness for a ceasefire; Russia has not. “They’re demanding more territory and Ukrainian disarmament,” Ian warns. He says to expect incremental Russian gains, rising casualties, and the ongoing risk of the conflict spilling into NATO countries.
Trump bets big on Russian oil sanctions, but will it pay off?
President Trump has directly sanctioned Russia for the first time since retaking office, over President Putin's refusal to come to the negotiating table on Ukraine. It's a move aimed at weakening Putin’s war economy, says Eurasia Group's Gregory Brew, but one that could have ripple effects from Beijing to the US gas pump.
Trump is getting tough on Russian oil, but to have a real impact on Putin, he'll likely have to go further, which could undermine his big trade deals and push up gas prices. Here at home, US President Donald Trump is running out of patience with Vladimir Putin who refuses to return to the negotiating table for a ceasefire in Ukraine.
Last week, Trump took the surprising step of putting sanctions on two of Russia's largest oil companies, the first time the US has directly sanctioned Russia since he became president. Now, in theory, these sanctions should prevent Russia from selling oil to its two biggest customers, India and China, who together take more than two-thirds of Russia's crude oil exports an important source of income for Putin's war in Ukraine. But as ever, the devil is in the details.
Russia has been facing sanctions and other Western measures to disrupt its crude exports for years now, and it will probably find a way around these new sanctions if the US doesn't keep up the pressure. That means more sanctions will be necessary, not just on Russia, but on its customers. Secondary sanctions on Indian and Chinese refiners who have been buying Russian crude would help cut off the flow, but there could be blowback. Sanctions could anger the Indian and Chinese governments, undermining Trump's efforts to secure big trade deals with Beijing and New Delhi.
And even if some or all of Russia's customers decide to stop taking its oil, Trump could feel the pain back at home. The disruptive impact on Russia's crude oil exports could push up oil prices, which would, in effect, raise the price of gasoline in the United States. That means that after this big initial blow, Trump is likely to take it slow. He'll look to India to voluntarily back away from Russian oil to the EU to put on some new sanctions of its own, and finally to Putin to return to the negotiating table or risk tougher sanctions ahead. As ever, Trump will look to accomplish his goals without causing a big shock to oil prices. It's a delicate balancing act that Trump will have to manage as he tries to avoid nasty economic shocks that could undermine his position back at home.