Half a trillion bill for support? Moscow, you have a problem. Another one. Putin enforces family ties. What the Vance just happened in Germany?
Jaanika Merilo
Head of Digital Health and Care in Estonian Government / Digital Transformation / HealthTech /AI / OSINT / Security /NE100 Innovators that change the world (Google & FT) / Keynote speaker / Author
100 billion or half a trillion, is there any difference?
A proposal made nearly a year ago by the Ukrainian president to secure foreign support in exchange for natural resources remains under discussion. However, the terms remain a key issue. According to US President Donald Trump, the total aid provided to Ukraine is valued at $300 billion, and to justify this and future "aid", nearly half a trillion dollars form of Ukraine’s natural resources would be required. Such a deal could involve up to half of Ukraine’s natural resources, while the remaining half—which would stay under Ukrainian control—could partially be located in occupied territories.
Trump’s $300 billion claim is another questionable figure, as public sources provide no clear justification for this number. According to the Kiel Ukraine Support Tracker, as of the end of last year, the US had allocated €114.2 billion in aid to Ukraine, while Europe had provided €132.1 billion, with an additional €115 billion in pledged support. These figures match the number in a Congressional report published in late December last year.
Trump has not explained how "over $100 billion" translates into $300 billion or even “half a trillion”, as he mentioned. Even if indirect support and US operational costs were included, it is unlikely that the total would increase by an additional hundreds of billions.
At the very least, this remains a central topic for negotiations, and it is likely that an agreement will be reached swapping US aid for Ukraine’s natural resources. A real dignified partner that promised security guarantees against Ukraine giving up nuclear weapons arsenal. Or maybe the didn′t read the fine print “security will be provided in exchange for the rest of your resources”. Oh, wait, there was no fine print.?
?For now, though, there seems to be no better solution on the table.
Moscow, You Have a Problem: How SpaceX, Corruption, and Sanctions Grounded Russian Space
One of the national prides and components of “Great Russia” has been space exploration. Even though the best days seem to have culminated with Belka, Strelka, Laika, and Gagarin, Russia still shares the ISS space station with the US, and even the war in Russia has not stopped cooperation in space.
But there are nuances. Firstly, the collapse of the Soviet Union left an essential part of the space industry in my beloved Dnipro, "the Rocket City," as well as in Kharkiv. Although cooperation with Russia continued until the beginning of the war in 2014, a constant issue has been the inability to innovate fast enough while facing new competitors like the private space sector in the US (SpaceX), and more recently, India (ISRO) and China (CNSA). Why send US astronauts to the ISS on Russian Soyuz rockets if they can do it on CrewDragon instead?
Besides, Russia plans to build its own ROSS space station by 2030. That’s not going to happen, of course, but that’s a different story. So, actually, it’s Musk vs. Roskosmos vs. China’s CNSA.
Now Russia's space program is facing significant challenges due to international sanctions, a significant lack of financing, and charges of corruption. At Vostochny Cosmodrome, allegedly at least 200 million dollars were stolen, and even in corruption-tolerant Russia, by late 2019, authorities had initiated 163 criminal investigations related to the cosmodrome's construction, resulting in approximately 60 convictions.
President Vladimir Putin recently dismissed Yury Borisov, the head of Roscosmos, after less than three years in the position. This decision reflects the Kremlin's dissatisfaction with escalating costs and delays in key projects, notably the National Space Centre in Moscow. The project budget of 200 million dollars keeps increasing. The 250,000 m2 centre, intended to consolidate various sectors of Russia's space industry and house over 20,000 specialists, has seen its completion date pushed back multiple times from the original 2023 deadline. Now, sanctions imposed following Russia's 2022 invasion of Ukraine have severely restricted access to essential technology and funding, leading to fewer rocket launches, a failed lunar mission, and postponed satellite production.
As nations like China and India make significant advancements in space exploration, Russia's ambitions are increasingly hindered. The newly appointed Roscosmos director, Dmitry Bakanov, now faces the formidable task of revitalizing the country's space endeavors.
That’s not going to happen. As I like to quote Russian oligarch Oleg Deripaska: "There simply won’t be enough money for everything”, and investments in space will suffer. But then again, Bakanov knows that allegedly being family-related to Putin′s favorite oligarchs, Roternebrgs.
What the Vance just happened in Germany??
During his visit to Germany, J.D. Vance took the opportunity to rally for the AfD. While German politics is the business of Germans, let me, as a journalist, quote some sources.
Take Britannica, for example:
“In 2024, a series of scandals weakened AfD’s political influence. In April, the assistant to an AfD representative in parliament was accused of spying for China’s Ministry of State Security. That same month, lead AfD candidate Maximilian Krah was found to have received secret payments from Russia and China. Another AfD candidate, Petr Bystron, was alleged to have received €20,000 to spread pro-Russian propaganda. In May, Krah’s public statements minimizing the crimes of the Nazi SS caused the European Union Parliament’s far-right Identity and Democracy Group to oust AfD from its coalition.”
If that’s not enough, let me add more.
According to German domestic intelligence agency head Thomas Haldenwang, “elements within the AfD propagate Russian narratives, thereby contributing to the expansion of right-wing extremism in the country.”
Meanwhile, Markus Frohnmaier has been an AfD member of the Bundestag since 2017. Before the 2017 elections, a strategy paper from Vladimir Putin’s Presidential Administration stated that Frohnmaier "will be under absolute control." It further suggested that "our people could also set up a non-profit organization, which will be registered with the Bundestag and can be promoted through pro-Russian positions.”
I could go on and on, but I just want to ask: What the Vance is going on?
"Gentleman Named Kirill?"
It seems that the Russians are assembling a team for “negotiations” about Ukraine. I cannot even call it a “peace negotiation” because I do not believe Russia wants peace. If it did, it would just withdraw its troops and start negotiating the lifting of sanctions. Peace was certainly not what Putin had in mind when he started the war in the first place.
Allegedly, these negotiations will be led by the “grand old” foreign policy guru Yury Ushakov, along with Putin’s long-time confidant Sergey Naryshkin, the head of the Foreign Intelligence Service (SVR). Meanwhile, the “keeper of the back door and back channels” will be Kirill Dmitriev. Wait—not Roman Abramovich? Who? What happened? And who exactly is Kirill Dmitriev?
Well, to put it briefly, he is the husband of Putin’s daughter’s friend and a long-time ally of the Kremlin. And that’s what matters—both loyalty and a long track record of trust.
On February 11, American schoolteacher Marc Fogel was exchanged in a prisoner swap for Russian cybercrime kingpin Alexander Vinnik. Fogel was returned to the U.S. on the private jet of Donald Trump’s Middle East envoy Steve Witkoff, who personally flew to Moscow to return him. A few days later, Witkoff told reporters:
"There’s a gentleman from Russia, his name is Kirill, and he had a lot to do with this. He was important, an important interlocutor bridging the two sides."
Allegedly, this “gentleman” was none other than the newly appointed "switchboard" or "connector"—Kirill Dmitriev—who is already sanctioned by the West and is seemingly already action.
As the CEO of the Russian Direct Investment Fund (RDIF), a state-owned sovereign wealth fund, Dmitriev has quite an interesting background. He has access to the upper echelons of power in Russia, as well as in Ukraine. And in Saudi Arabia—since RDIF’s investors include sovereign wealth funds from Qatar, Saudi Arabia, and the UAE. And, what a coincidence, Dmitriev also happens to know Jared Kushner very well—Trump’s son-in-law and former Middle East adviser. A perfect match.
A graduate of both Stanford and Harvard, Dmitriev began his career at McKinsey and Goldman Sachs. Between 2007 and 2011, he headed the Ukrainian investment fund Icon Private Equity, overseeing approximately a billion dollars—primarily belonging to Viktor Pinchuk, the billionaire son-in-law of former Ukrainian President Leonid Kuchma. Pinchuk was among the first to give Dmitriev a handshake that propelled him into the high elites of Russian power in 2011.
His wife, Natalia Popova, was a college classmate and close friend of Putin’s younger daughter, Katerina Tikhonova.
From 2012 onwards, she served as Tikhonova’s deputy at the Innopraktika Foundation, a research institute. Today, Katerina partially owns Innopraktika, and Dmitriev is allegedly one of the "gray cardinals" behind the nomination of Andrey Belousov as Minister of Defense. (Though I’d personally prefer to call it Minister of Offense.)
So, should we keep an eye on Dmitriev, as many Western media outlets have suggested? No, not really. He is no Abramovich—just a trusted middleman with no significant prospects of his own. What is interesting, however, is the increasing presence of Putin’s family members and their close contacts in these critical roles. And that tells us more than Dmitriev’s persona ever could.
Owner at MM SERVICES Micha? Mozo?a
1 周$65.9 billion of US Military Assistance to Ukraine "The amount the US has spent so far on military assistance since Russia’s invasion, according to?State Department?figures. It brings the total to $69.2b in military assistance since?Russia invaded Crimea in 2014. A Jan?congressional report?also noted that Washington appropriated nearly $174.2b from 2022 to 2024 in 'response to Russia’s war against Ukraine', a figure that includes assistance through the US Agency for International Development, the World Bank and other agencies. 55 The number of times the United States has used the emergency Presidential Drawdown Authority since August 2021 to provide Ukraine military assistance worth approximately $27.6b from?Defense Department?stockpiles. Using the PDA had been previously capped at?$100m, with some exceptions, but in fiscal year 2022, it was?raised?to $11b, to $14.5b in fiscal 2023 and to $7.8b in fiscal 2024 to provide supplies for Ukraine. 12 The number of National Advanced Surface-to-Air Missile Systems and munitions the US has sent to Ukraine. It has also sent three Patriot air defense batteries and munitions and more than 40 HIMARS. Washington has sent Ukraine 31 Abrams, more than 400 Strykers and over 300 Bradleys."
Breaking the Boundaries of Conventional Thinking: How Embracing Complexity Fuels My Free-Thinking Approach to Innovation—Where Science Reveals Universal Truths and Art Unlocks New Realms of Emotion and the Unknown.
1 周It's time to take a stronger, more decisive stand against corrupt, hateful politicians who exploit fear, division, and dishonesty for their own gain. Those who spread bigotry, undermine democracy, and engage in criminal behavior must be held accountable with unwavering resolve. The future depends on rejecting hatred and championing integrity, justice, and true leadership. Now is the moment to demand better, act boldly, and ensure that those who betray the public trust face real consequences. Oriphon
Well, the desire of the Trump Administration to have access to Ukrainian minerals seems easy to resolve. During the peace negotiations, simply set one of the terms as being that the US has the mineral rights it wants, but only in the areas that will end up under Russian control. - Peace is reached - The Trump Administration gets - Access to the minerals it wants - The Russian-US cooperation it wants - Ukraine retains full rights over the land it has left
Director at ROCK COGNITION PTY LTD
2 周?? "What the Vance..." ?? If it's not the new best meme, then I don't know what is... The VP of the country created and shaped largely by immigrants... is rating immigration as a higher threat to democracy than a communist regime with concentration camps and a mafia state committing war crimes on a daily basis... both with nuclear weapons and no traces of democracy in them whatsoever... Really, what the Vance are you talking about?
Experienced C, C++, C#, SQL Database Developer
2 周Thank you Jaanika for keeping us in the loop!