DFC Approves $8 Billion in Global Investments

Shibbir Ahmed, WASHINGTON, D.C. — The U.S. International Development Finance Corporation (DFC) Board of Directors has approved more than $8 billion in new investments aimed at expanding U.S. exports, strengthening critical infrastructure and energy security, and supporting American technology and businesses in international markets.

The DFC said the investments include projects in Ukraine, Jordan, Sub-Saharan Africa and emerging markets, with additional support for critical minerals in West Africa. The agency described the package as part of its effort to advance U.S. economic and national security interests.

One major component will support U.S. exports to emerging markets through a counter-guarantee for the International Finance Corporation’s Global Trade Finance Program. The arrangement is designed to help foreign banks expand trade-finance capacity and facilitate purchases of American goods.

In Ukraine, DFC will provide financing to Vodafone Ukraine to strengthen telecommunications infrastructure, including the development of secure and reliable 5G networks. The agency also approved financing for a 200-megawatt/400-megawatt-hour battery energy storage portfolio across six Ukrainian sites. The project, developed by DTEK with technology from U.S.-based Fluence, is designed to improve the stability and resilience of Ukraine’s electricity grid. DFC said the storage system could provide enough power for approximately 600,000 homes for two hours.

In Jordan, DFC approved a loan for the National Carrier Project Company to support construction, operation and maintenance of a seawater desalination plant and water-conveyance system. Political-risk insurance will also be provided for equity investors Meridiam and Suez.

In Sub-Saharan Africa, DFC will make an equity investment in WIOCC Group to expand digital infrastructure across the continent. WIOCC operates telecommunications, data-center and fiber-network infrastructure spanning 30 African countries, according to DFC.

DFC is also supporting a critical-minerals project in West Africa. The agency said some additional transactions remain confidential because of commercial sensitivities and may require further steps, including congressional notification, before they can be formally committed and closed.




Guterres Warns of AI, Climate and Conflict Threats

Shibbir Ahmed, New York — UN Secretary-General António Guterres has warned that the world is entering an “era of deep uncertainty,” urging governments to strengthen international cooperation as leaders prepare to gather in New York for the 81st UN General Assembly.

Speaking ahead of the General Assembly’s high-level week, Guterres identified rapidly advancing artificial intelligence, the climate crisis and deepening inequalities as major existential threats facing the international community.

Guterres devoted much of his remarks to the growing risks associated with artificial intelligence. While acknowledging AI’s potential to accelerate development, improve education and health systems and strengthen climate resilience, he warned that technological development is advancing faster than the world’s understanding of its risks.

He called for stronger safeguards to make AI development safe, transparent and accountable, with human dignity at the centre. Guterres said national action is important but stressed that global coordination is essential because AI and its risks do not stop at national borders.

The UN chief also urged world leaders to address ongoing conflicts. He reiterated his call for a ceasefire in the Russia-Ukraine war and urged implementation of a two-state solution in the Middle East. He also called for de-escalation and the protection of civilians.

The General Assembly’s high-level week begins in New York on September 18, with the General Debate scheduled to begin on September 22. Leaders from all 193 UN member states are expected to address global challenges, including conflicts, climate change, international security and sustainable development. Guterres said international cooperation is more necessary than ever as governments confront interconnected global crises.




Guterres Calls for New Global Order as Power Shifts

Shibbir Ahmed, New York — UN Secretary-General António Guterres has called for a major overhaul of the international system, saying the institutions created after the Second World War must change to reflect the growing economic and geopolitical influence of emerging economies. Speaking to leaders at the 18th BRICS Summit in New Delhi on Sunday, Guterres said the world of today is fundamentally different from that of 1945 and that global institutions must reflect current economic, demographic and geopolitical realities.

“Today’s economic, demographic and geopolitical realities are not those of 1945,” Guterres said. “Our institutional structures must reflect it.”

He said the countries represented at the summit reflected the changing balance of global power and pointed to the emergence of an increasingly multipolar world. Guterres argued that multipolarity can bring greater balance and equity to international institutions, but said that would require reforms to bodies including the UN Security Council and the Bretton Woods institutions.

The UN chief outlined four priorities for what he described as inclusive global growth: financing, technology, climate justice and peace. On development financing, Guterres said developing countries need substantial international support to achieve the Sustainable Development Goals. He urged multilateral development banks to become “bigger, better and bolder” to help meet the scale of financing required. Turning to artificial intelligence, he warned that the benefits of the technology remain concentrated among a relatively small number of companies and countries.

“Unchecked, the AI divide will widen every other divide — in income, in opportunity, in security, and in sovereignty,” Guterres warned.

Climate change was another major focus of his address. Guterres pointed to extreme heat, melting glaciers, wildfires and devastating floods as signs of the worsening climate crisis and warned that a stronger El Niño could make conditions even more difficult as the world approaches the 1.5-degree Celsius threshold above pre-industrial levels.

He called on wealthy nations to honor existing climate-finance commitments, including increased adaptation financing and stronger support for countries facing loss and damage. He also criticized the exploitation of critical minerals, calling for an end to what he described as “plundering.”

On peace and security, Guterres highlighted conflicts and crises in Gaza, the wider Middle East, Ukraine and Sudan. He urged countries to uphold the UN Charter, including the principles of sovereign equality, territorial integrity and the peaceful settlement of disputes. Guterres said reforming the international system should be viewed as a shared responsibility rather than a concession to emerging powers.

“As we move irreversibly to a multipolar world, all countries must work to strengthen and safeguard a multilateral system that delivers for all with the United Nations at its centre,” he said.

The BRICS summit, hosted by India, brought together leaders of major emerging economies and senior international officials as discussions focused on global governance, economic cooperation, development, technology, climate change and international peace and security.




UN Chief Calls for Peace in Gaza, Ukraine and Sudan

Shibbir Ahmed, UN, New York: United Nations Secretary-General António Guterres has called for peace and an end to conflicts from Gaza and the wider Middle East to Ukraine and Sudan, warning that the world urgently needs greater international cooperation to address escalating crises.

Speaking at the BRICS Summit in New Delhi on Sunday, Guterres said conflicts around the world continue to cause immense suffering and instability, underscoring the need for countries to work together to promote peace and resolve disputes through diplomacy.

He highlighted the devastating humanitarian situation in Gaza and other conflict zones, while also pointing to the wars in Ukraine and Sudan as major challenges facing the international community. Guterres said the international community must not allow ongoing conflicts to become normalized and stressed the importance of collective efforts to achieve lasting peace.

His remarks came as world leaders gathered for the BRICS Summit, where global security, economic cooperation and major international crises were among the key issues under discussion. The UN chief has repeatedly called for an immediate end to violence in conflict zones and urged world powers to strengthen diplomatic efforts to protect civilians and uphold international law.




Russia Strikes Kyiv After U.S. Envoys Leav

KYIV, Ukraine: Russia launched a major wave of missile and drone strikes against Kyiv early Tuesday, killing three people and injuring 19, shortly after U.S. peace envoys Jared Kushner and Steve Witkoff concluded their visit to Ukraine. The attacks marked a renewed escalation in Russia’s air campaign against the Ukrainian capital following a brief pause during the U.S. envoys’ diplomatic mission.

Multiple areas of Kyiv were hit, damaging residential buildings, a school, a clinic and a television channel, according to Ukrainian officials. Fires broke out across the city as emergency crews responded to the strikes. Ukraine’s air force said it intercepted most of the incoming cruise missiles and also shot down two ballistic missiles, but several weapons still struck targets in the capital.

The renewed attack came shortly after Kushner and Witkoff met Ukrainian President Volodymyr Zelenskyy as part of Washington’s efforts to revive negotiations aimed at ending Russia’s war in Ukraine.

The U.S. envoys had also traveled to Moscow for talks with Russian President Vladimir Putin. Although the diplomatic effort has generated discussion about a possible new round of negotiations, no major breakthrough has been announced.

Peace efforts under pressure

The timing of the latest Russian strikes has raised fresh questions about the prospects for a ceasefire and renewed peace negotiations. Zelenskyy said the U.S. envoys had brought what he described as promising ideas for the next stage of negotiations. Ukraine and its Western partners are considering further discussions on issues including energy infrastructure, grain shipments and prisoner exchanges.

But the renewed attacks underline the continuing gap between diplomatic efforts and the military situation on the ground. Beyond Kyiv, Russian drones also struck areas including Sumy and Zaporizhzhia, while missile attacks were reported in Odesa. Ukrainian officials said civilian and critical infrastructure was damaged.

Russia said its forces were targeting military and logistical facilities, while Ukrainian authorities condemned the strikes and called for greater international support for the country’s air-defense capabilities.

Ukraine seeks more air defenses

The latest barrage has renewed concerns in Kyiv about shortages of advanced missile-interception systems, particularly as Ukraine prepares for another winter under continued Russian attacks. Ukrainian officials have urged the United States and European allies to provide additional air-defense systems and other military support.

The strikes came at a particularly sensitive moment for Washington’s diplomatic initiative. While U.S. officials continue to explore ways to bring Russia and Ukraine back to negotiations, the latest escalation demonstrates how fragile the situation remains. For now, diplomacy and military escalation are unfolding simultaneously, with no clear sign of an immediate ceasefire.




Putin Orders Halt in Strikes on Kyiv During Trump Envoys’ Visit

MOSCOW — Russian President Vladimir Putin has ordered a three-day halt in Russian strikes on Kyiv as U.S. President Donald Trump’s envoys prepare to visit the Ukrainian capital, the Kremlin said Saturday. Kremlin spokesman Dmitry Peskov said Putin had ordered Russian forces not to strike Kyiv for three days beginning at midnight. The temporary pause is linked to the visit of U.S. envoys Steve Witkoff and Jared Kushner, who are seeking to revive diplomatic efforts to end the Russia-Ukraine war.

“The Russian president and commander in chief has given the order not to strike Kyiv for three days from midnight tonight,” Peskov said, according to Russian state media.

Witkoff and Kushner arrived in Moscow on Saturday and were scheduled to meet Putin before traveling to Kyiv on Sunday. Their visit is part of a renewed diplomatic effort by the Trump administration to push Russia and Ukraine toward an agreement to end the more than four-year war.

The announcement of the temporary halt comes after Russia carried out attacks across Ukraine, including strikes targeting areas around Kyiv. Ukrainian authorities have continued to report Russian missile and drone attacks as the conflict remains active.

The Kremlin’s decision to pause strikes on Kyiv appears intended to facilitate the U.S. delegation’s planned visit and meetings in the Ukrainian capital. The latest diplomatic push comes amid continued disagreements between Moscow and Kyiv over territory, security guarantees and Ukraine’s future relationship with NATO.

Trump has repeatedly said he wants to bring the war to an end, while his administration has stepped up high-level contacts with both Russian and Ukrainian officials. The outcome of Witkoff and Kushner’s meetings in Moscow and Kyiv could determine whether the latest diplomatic initiative develops into broader peace negotiations between Russia and Ukraine.




Trump Envoys Arrive in Moscow for Russia-Ukraine Peace Push

MOSCOW — U.S. President Donald Trump’s envoys Steve Witkoff and Jared Kushner arrived in Moscow on Saturday as part of a renewed diplomatic effort to end the Russia-Ukraine war. The two U.S. representatives met Russian President Vladimir Putin at the Kremlin for talks focused on efforts to find a possible path toward ending the conflict. Putin described the situation in Ukraine as difficult and complex, while praising Trump’s efforts to seek a diplomatic solution to the war.

Trump has said his envoys are carrying a proposal aimed at bringing an end to the conflict. The latest diplomatic initiative comes as Washington continues to push Moscow and Kyiv toward negotiations despite major disagreements between the two sides. Witkoff and Kushner are also expected to travel to Kyiv on Sunday for talks with Ukrainian President Volodymyr Zelenskyy.

As part of the diplomatic effort, Russia announced a temporary 72-hour pause in strikes on Kyiv during the visit, according to reports. Zelenskyy has also agreed to suspend Ukrainian strikes on Moscow during the talks.

However, fighting continues in other parts of Ukraine, and significant differences remain between Moscow and Kyiv over issues including territory, security guarantees and Ukraine’s future relationship with NATO. The latest meetings represent one of the most significant diplomatic efforts by the Trump administration to advance negotiations since returning to the White House. The outcome of the Moscow and Kyiv meetings could determine whether the latest peace initiative develops into broader negotiations between Russia and Ukraine.




Trump Says Europe Should Repay U.S. for Ukraine Military Aid

Shibbir Ahmed, WASHINGTON DC — President Donald Trump said Thursday that the United States intends to seek repayment from European countries for military assistance and ammunition previously provided to Ukraine, opening a new front in his administration’s long-running dispute with European allies over the cost of supporting Kyiv. In a social media post, Trump said European nations should reimburse the United States for military aid that Washington provided to Ukraine and NATO without charging European governments directly.

Trump characterized the amount as involving “hundreds of billions of dollars” and said Europe would have paid for the assistance if it had been asked to do so at the time. The president’s comments represent a significant escalation in his criticism of the financial burden the United States has carried during the Ukraine war.

They also come at a particularly sensitive moment for Washington, as the United States is simultaneously engaged in a major military confrontation with Iran and is confronting concerns about the availability of key weapons and ammunition.

U.S. weapons stocks under pressure

Trump’s demand for repayment comes as his administration is focusing heavily on rebuilding American weapons inventories. In his Thursday statement, Trump criticized reports that U.S. ammunition stockpiles have been significantly depleted. He said the United States is now prioritizing weapons for its own military rather than continuing to sell the same quantities to other countries.

Trump indicated that weapons sales to U.S. allies could resume in the near future, but emphasized that American stockpiles are currently receiving priority. The issue has gained additional urgency because of the ongoing U.S. military campaign against Iran.

Reuters previously reported that the U.S. Army has used a substantial portion of its stockpile of highly accurate, long-range missiles during the Iran conflict, raising questions about America’s ability to respond to another major military contingency.

The combination of the Ukraine war and the Iran conflict has therefore created an unusual strategic challenge for the Pentagon: Washington is supporting partners overseas while simultaneously trying to ensure that its own forces retain sufficient weapons for future operations.

Trump challenges the traditional U.S.-Europe arrangement

Trump has repeatedly argued that European countries should shoulder more of the financial burden for their own security and for assistance to Ukraine. His latest comments go further by suggesting that Europe should retroactively compensate the United States for assistance already delivered. That position could create difficult conversations between Washington and European capitals.

European governments have provided substantial military, financial and humanitarian assistance to Ukraine since Russia’s full-scale invasion in 2022. Europe has also increasingly taken responsibility for purchasing American weapons for Ukraine through mechanisms in which NATO allies finance U.S.-made equipment.

A Congressional spending analysis cited by the Council on Foreign Relations estimates that the United States had made available roughly $195 billion in spending related to the Ukraine war as of March 31, 2026. However, that figure includes a wide range of war-related spending and should not be interpreted as money directly handed to the Ukrainian government.

The distinction is important because much of U.S. Ukraine-related spending has supported American military production, logistics, replacement of U.S. stocks and other activities associated with the war.

Europe has already increased its role

European countries have significantly expanded their own support for Ukraine. The United States under Trump has also supported a system in which NATO allies pay for American weapons that are then provided to Ukraine. Under the Prioritized Ukraine Requirements List, or PURL, European and other NATO countries finance the purchase of U.S. weapons for Kyiv rather than requiring Washington to bear the full cost. The arrangement has allowed Ukraine to obtain advanced American systems while shifting more of the financial responsibility toward European allies.

A British Parliament research briefing published in August noted that the Trump administration had made clear that the United States would not pay for new assistance supplied through the PURL mechanism; NATO allies would finance the purchases. Trump’s latest demand nevertheless suggests that the president believes the existing burden-sharing arrangements do not go far enough.

Ukraine faces continuing pressure

For Ukraine, the development comes at a difficult time. Kyiv remains heavily dependent on Western military assistance, particularly air-defense systems, missiles, ammunition and other advanced weapons needed to defend against Russian attacks. Any reduction in American weapons availability could place additional pressure on European governments to increase their own contributions.

The issue is particularly sensitive for air defense. Ukraine has relied heavily on American-made systems and interceptors, while European governments have struggled to provide enough comparable equipment from their own inventories. The growing European role has therefore become both a financial and strategic necessity.

Trump’s comments linked to Iran war

The timing of Trump’s announcement is significant. The president’s comments came while the United States is engaged in the separate war with Iran, which has created additional demand for American precision-guided weapons. The Iran conflict has raised concerns inside Washington about whether U.S. weapons inventories are sufficient to sustain prolonged operations while simultaneously meeting commitments to allies.

Trump’s message indicates that the administration is responding by putting U.S. military requirements ahead of some foreign sales. That could affect not only Ukraine but also other American allies that depend on U.S.-manufactured weapons. The president said weapons sales to allies would eventually resume, suggesting that the administration views the current restrictions as a temporary measure while American stockpiles are rebuilt.

A new burden-sharing debate

Trump’s demand could also reopen a broader debate over NATO and transatlantic security. For decades, the United States has provided the backbone of NATO’s military capabilities, while European allies have often spent less on defense than Washington. Russia’s invasion of Ukraine dramatically changed that calculation.

European governments have increased defense spending and begun expanding domestic weapons production. But European militaries remain dependent on the United States for several critical capabilities, including strategic airlift, intelligence, missile defense and advanced weapons systems.

A report released Thursday by the European Court of Auditors warned that the European Union still faces major challenges in achieving its goal of defense readiness by 2030, including fragmented national systems, industrial bottlenecks and continued reliance on the United States. The report illustrates why Trump’s pressure on European allies is likely to continue.

Potential impact on NATO

Trump’s demand also raises questions about the future relationship between Washington and European allies. European governments may argue that they have already spent enormous sums supporting Ukraine and strengthening their own militaries. Washington, meanwhile, can point to decades of American spending on NATO’s collective defense and the extensive U.S. military assistance provided to Ukraine.

The disagreement is therefore about more than a single bill. It reflects a fundamental question about how the transatlantic alliance should divide the costs of security in an increasingly dangerous international environment. If European countries are asked to make retroactive payments for American assistance, negotiations could become particularly complicated.

There is also the question of how such payments would be calculated and whether the proposed reimbursement would cover the cost of weapons transferred directly from U.S. stockpiles, the cost of replacing those weapons, or broader U.S. spending related to the war. Trump did not provide a detailed mechanism for calculating or collecting the payments in his Thursday statement.

Russia watches the dispute

The growing disagreement between Washington and Europe is also being closely watched in Moscow. Russia has long sought to weaken Western unity over support for Ukraine and has portrayed the war as evidence of a broader confrontation between Russia and NATO.

Any significant reduction in U.S. support or disagreement among NATO members could therefore have consequences beyond the immediate financial dispute. At the same time, European governments are unlikely to abandon Ukraine simply because Washington is demanding greater financial responsibility.

Instead, Trump’s latest comments could encourage Europe to accelerate efforts to build an independent defense industry and reduce its reliance on American weapons. That process, however, would take years rather than months.

What comes next?

Trump’s announcement is likely to trigger discussions between Washington and European governments over the financial responsibilities associated with Ukraine. The immediate question will be whether European allies accept the principle of retroactive reimbursement or reject the proposal. A second question will be how the dispute affects future American weapons sales.

If U.S. weapons production remains under pressure because of the Iran conflict, European countries could face stronger incentives to finance American weapons directly for Ukraine while simultaneously increasing their own defense production.

For Ukraine, the key concern will be whether American weapons deliveries continue at a level sufficient to meet battlefield requirements. For Europe, the challenge will be balancing continued support for Kyiv with the need to rebuild national military inventories. And for Washington, the administration must balance support for allies with the increasingly urgent requirement to maintain adequate U.S. weapons stocks.

A changing transatlantic relationship

Trump’s latest demand is another sign that the traditional model of American leadership in European security is changing. The president has repeatedly called for NATO allies to spend more and take greater responsibility for their own defense. His demand that Europe reimburse the United States for past Ukraine assistance pushes that argument into new territory.

Whether European governments ultimately agree to Trump’s proposal remains uncertain. But the message from Washington is unmistakable: the Trump administration wants America’s allies to carry a much larger share of the financial burden for military security.

With the Ukraine war continuing, the Iran conflict consuming American weapons and Europe confronting its own defense shortcomings, the dispute over who should pay for Western security is likely to remain one of the most important issues shaping the transatlantic alliance.