Zelenskyy Addresses Congress |
Ukrainian President Volodymyr Zelenskyy appeared before a joint session of the US Congress yesterday, capping a surprise visit that had been kept under wraps until less than 24 hours in advance. Zelenskyy thanked the US for its support while urging lawmakers to support his country for an extended conflict against Russia. It marked the Ukrainian president\'s first trip outside his country since Russia\'s invasion; watch the full speech here.
The speech followed warnings from Ukrainian officials that Russia is preparing a massive offensive sometime around February, possibly attempting once again to take the capital city of Kyiv. Analysts say about 150,000 Russian troops that have been called up during a partial mobilization will have completed training by early 2023.
Separately, President Joe Biden confirmed reports the US would send state-of-the-art Patriot missile defense systems to Ukraine. The systems are capable of targeting aircraft and ballistic and cruise missiles within a 100-mile radius (see 101), though they are ineffective against attack drones.
The US has provided roughly $48B in aid to Ukraine over the past year (see in charts), with around $20B in direct support provided in the FY23 appropriations bill under consideration.
See updates on the war here. |
Taliban Ban Girls\' Education |
The Taliban-led Afghan government suspended primary school education for girls yesterday, a day after issuing a decree prohibiting women from attending universities. The move institutes a complete ban on education for women in Afghanistan.
The Taliban, which took over the capital of Kabul last year after US troops withdrew, have also barred female teachers and other staff from working in schools, which had been one of the few professions still open to women under the new government. The strict Islamist group\'s actions have been a reversal of a previous pledge to maintain increased freedoms gained over the past two decades.
Since its takeover last year, the Taliban has continued to impose restrictions on women and girls in Afghanistan. In March, the group banned female passengers from boarding flights without a male chaperone, and in May, it required women to cover their faces and bodies in public. See the history of the Taliban here. |
SBF Extradited to New York |
Sam Bankman-Fried, founder and former CEO of failed cryptocurrency exchange FTX, agreed yesterday to be extradited from the Bahamas to face trial in the US. He was arrested Dec. 12 and charged with eight criminal counts in addition to related civil allegations brought by US financial regulators.
The 30-year-old is accused of secretly using billions of FTX deposits to cover losses at his hedge fund, Alameda Research, ultimately leading to the exchange’s implosion. Once valued at around $32B, FTX collapsed after news of its transfer to Alameda caused a surge in customer withdrawals it couldn\'t cover, forcing it into bankruptcy. Bankman-Fried has denied the allegations; he wrote an apology letter in November prior to his indictment.
Legal analysts estimate a trial may not take place for a year and a half. If convicted on all eight criminal counts, Bankman-Fried faces up to 115 years in prison. |
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