What We're Watching: Zelensky meets top US officials, Indonesia hoards palm oil

What We're Watching: Zelensky meets top US officials, Indonesia hoards palm oil
Ukrainian President Volodymyr Zelensky holds a press conference at a metro station in Kyiv.
EYEPRESS via Reuters Connect

US officials visit Kyiv

Ukraine's President Volodymyr Zelensky spent Sunday waiting for a visit from US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin, the highest-level American delegation to visit Kyiv since the Russian invasion began. Zelensky reportedly told the senior US officials that Ukraine needs more powerful weapons to resist the Russians. After the meeting, Blinken announced that the US would reopen its embassy in Ukraine (in the western city of Lviv) and pledged more military funding to Ukraine in addition to the $800 million in military support Biden announced on Thursday, which included heavy artillery, ammunition, and tactical drones. But Kyiv is also asking for long-range air defense systems and fighter jets. The Americans have rebuffed similar earlier requests and blocked NATO allies like Poland from supplying Soviet-era warplanes to avoid risking a direct military confrontation with Russia. Meanwhile, Ukraine is trying to set up humanitarian routes for escape from the besieged port city of Mariupol, where an estimated 100,000 people remain stuck with little food, water, or heat.

Indonesia’s palm oil export ban

In the latest ripple effect from the food price crisis spurred by Russia's war in Ukraine, Indonesia on Friday banned the export of palm oil, the most consumed edible oil in the world. President Joko Widodo wants to address a domestic shortage that has caused prices to skyrocket (and Indonesians to protest). This ban is a very big deal because Indonesia is the world's top producer of palm oil, accounting for more than half of the global supply. More broadly, it comes amid soaring prices for cooking oil due to the conflict between the two sunflower superpowers, Russia and Ukraine. The ban is expected to be short-lived and for exports to resume once the country stocks up enough palm oil for the price hike to subside. Until then, Indonesia’s top customers — China and India — will feel the pinch.

More from GZERO Media

Fire authorities search for the missing and recover the deceased at the site of an accident near Muan International Airport in Jeollanam-do, South Korea, on Dec. 29, 2024.
Chris Jung/NurPhoto via Reuters

The country's deadliest aviation disaster since 1997 comes at a politically volatile time.

President-elect Donald Trump greets Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., on Nov. 19, 2024.
Brandon Bell/Pool via REUTERS

Is Elon Musk a 21st-century Svengali? Two weeks after being accused of acting like the president – instead of a presidential advisor – when he attempted to sway Congress to torpedo a spending bill, the tech magnate is wielding political influence once again – and enraging some supporters of President-elect Donald Trump.

- YouTube

Jimmy Carter, the 39th President of the United States, has died at the age of 100. A one-term president whose administration was marred by inflation, a gas crisis, and the Iranian hostage standoff, Carter went on to have one of the most illustrious post-presidencies in American history. Here's a remembrance from Ian Bremmer on President Carter’s foreign policy legacy.

A day before the controversial inauguration of Georgian Dream loyalist Mikheil Kavelashvili as the country's new president, Georgian citizens demonstrate with pro-EU placards and Georgian, American, and European Union flags as they protest the government's decision to suspend European membership talks in Tbilisi, Georgia, on Dec. 28, 2024.
Jerome Gilles/NurPhoto via Reuters

On Sunday, Georgia inaugurated President Mikheil Kavelashvili amid growing demonstrations and accusations of election fraud perpetrated by Moscow. Kavelashvili, a former soccer player, was selected by a 300-member electoral college controlled by the ruling Georgian Dream party, which now dominates every major government institution.

Russian Foreign Minister Sergei Lavrov speaks during the Doha Forum 2024 on Dec. 7, 2024.
DOHA Qatar Copyright: xNOUSHADx via Reuters

Russia no longer considers itself bound by its unilateral moratorium on the deployment of intermediate and shorter-range nuclear-capable missiles, clearing the way for Moscow to deploy the weapons across Europe and Asia.

Economic Outlook 2025 reveals the trends and shifts that will shape the global economy in the coming year, according to the Mastercard Economics Institute. The report explores a few key economic themes, leveraging Mastercard’s aggregated and anonymized data to provide a unique perspective. This includes cyclical changes – such as shifts in consumption as central banks lower rates or prices change – and structural changes like the impact of migration on capital flows or workplace flexibility driving greater female workforce engagement.

Every January, Eurasia Group, GZERO’s parent company, produces a report with its forecast for the top 10 geopolitical risks for the world in the year ahead. Its authors are EG PresidentIan Bremmerand EG ChairmanCliff Kupchan. The 2025 report will drop on Jan. 6.

But first, let’s look back at the 2024 Top Risks report – you can read the full report hereto see where Bremmer and Kupchan hit or missed the mark.

- YouTube

Ian Bremmer's Quick Take: Is stapling green cards to STEM PhDs the answer to closing America’s talent gaps? What becomes of "America First"? In this Quick Take, Ian Bremmer discusses Vivek Ramaswamy's provocative proposal and the stir it’s causing among Trump supporters over immigration policy.