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Cake day: November 10th, 2025

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  • The US president and his ally in the Kremlin want to use 100bn euros* of Russia’s frozen assets to be invested in a venture to rebuild Ukraine, while 50% of the venture’s profit would go to the US (according to point 14 of Trump’s initial ‘peace plan’ for Ukraine).

    *Additional information: Total frozen assets of Russia that will eventually be used as collateral for the EU preparation loan amount to 140bn euros.

    Second addition: In addition to the EU, UK and Canada are also working on a scheme to hand frozen Russian assets to Ukraine.






  • EU finalizes the phasing-out of Russian gas imports by 2027

    • Pipeline gas imports from Russia in to the EU under long-term deals must halt by Sept. 30, 2027, with a possibility of an extension to Nov. 1, 2027, depending on fulfillment of gas storage targets set by the EU. That compares with an end-2027 ban on those contracts originally put forward by the commission.
    • Short-term contracts for LNG concluded before June 17, 2025 will be prohibited as of April 25, 2026. Pipeline gas brought into the EU under short-term deals will be banned as of June 17, 2026.
    • To phase-out Russian energy, the deal obliges member states to prepare plans to diversify their supplies. The commission also plans to put forward a legislative proposal on phasing out Russian oil imports no later than the end of 2027.




  • Ukraine was facing a population decline already before 2022, and the war made the situation worse. But Ukraine is by far not alone with the problem of a shrinking population as almost the entire world will face it in the next decades. Only a few countries in Central Asia and Africa are exempted. The decline is especially pronounced in China, where the population will decline by a factor of 2.2 in this century reaching ~600 million, down form the current 1.4 billion) as well as in the U.S., and Russia, where fertility rates have fallen below the population replacement level.