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Daily News Brief

December 12, 2025

Welcome to CFR’s Daily News Brief. Today we’re covering the latest in Ukraine peace talks, as well as...

  • The fall of Bulgaria and Thailand’s governments

  • New sanctions on Venezuela

  • The U.S. stance on China-Japan tensions
 
 

Top of the Agenda

The European Union (EU) is deciding today whether to extend a freeze on Russian assets indefinitely, its latest bid to support Ukraine as the United States urges a resolution to the war by Christmas. Ukrainian President Volodymyr Zelenskyy said yesterday that U.S. President Donald Trump was pushing for the holiday deadline, though the White House press secretary said Trump had not decided if Washington will participate in further negotiations over the weekend in Europe. Shuttle diplomacy in recent days focused on the possibility of establishing a buffer zone in Ukraine’s Donbas region. Meanwhile, Moscow announced a lawsuit today in an attempt to halt the European plan to freeze its assets. 

 

The peace details on the table. Zelenskyy said yesterday that the United States is proposing the withdrawal of Ukrainian troops from parts of Donetsk province it currently controls, with an agreement that Russian forces will not enter. Russia already controls the vast majority of Donetsk as well as the entirety of Luhansk, which together comprise the Donbas. Rather than endorsing or rejecting the idea outright, Zelenskyy mentioned the possibility of putting the matter to a referendum vote. An advisor to Russian President Vladimir Putin told local media that it was possible Russia’s national guard, but not army, would be present in the Donbas following Ukraine’s withdrawal. Zelenskyy also endorsed capping the Ukrainian army at eight hundred thousand people, up from the six hundred thousand listed in a U.S. peace proposal last month. 

 

The standoff on frozen assets. Russia’s central bank announced today it is suing Belgian-based financial group Euroclear in a Moscow arbitration court. Euroclear holds the majority of Russia’s frozen sovereign assets in Europe. The Russian central bank vowed to pursue additional lawsuits over the asset freeze, which the EU could extend indefinitely today rather than maintaining the current requirement to renew the freeze every six months. An indefinite extension is a technical step toward implementing a much-debated proposal to use the Russian assets to back a loan to Ukraine. 

 
 

“The time is ripe for a resolution of the conflict in the coming months. The real question is whether the Trump administration can muster the skill, patience, and stamina to drive a diplomatic process to a successful conclusion.”

—CFR expert Thomas Graham, Foreign Affairs

 

The Next Taiwan Crisis Won’t Be Like the Last

A Taiwan Coast Guard ship patrols near Dadan Island in October 2025.

Ann Wang/Reuters

Assumptions about how a potential conflict between the United States and China over Taiwan would unfold should urgently be revisited, CFR experts Paul B. Stares and David Sacks write in this Center for Preventive Action report.

 
 

Across the Globe

The government is out in Bulgaria...Prime Minister Rosen Zhelyazkov and his government resigned yesterday after weeks of anti-government protests over a proposed tax increase and broader concerns about corruption. Many of the demonstrators were young people, and some described their mobilization as a Gen Z-led protest movement, like others around the world. The upheaval comes as Bulgaria prepares to adopt the Euro in January.

 

…and on its way out in Thailand. Prime Minister Anutin Charnvirakul dissolved parliament and called for an early election yesterday, less than one hundred days after taking office. Charnvirakul had led a minority government of conservative parties with conditional support from the main opposition party, but that support appeared to fall away this week. Thailand is currently embroiled in a border conflict with Cambodia. 

 

Pressure on Venezuela. The United States sanctioned three of Venezuelan President Nicolás Maduro’s family members, six shipping companies, and six ships, calling them part of a network that supports Venezuela’s “narco-terrorist regime.” The move followed the U.S. seizure yesterday of an oil tanker near Venezuela that Washington said was carrying sanctioned oil.

 

U.S. stance on China-Japan friction. Trump believes the United States should maintain its positive relationships with both China and Japan, the White House press secretary said yesterday when asked about tensions between the two countries. China and Japan have traded barbs since Japanese Prime Minister Takaichi Sanae’s suggestion last month that a Chinese invasion of Taiwan could prompt a Japanese military response.

 

Turkmenistan summit. Turkmenistan hosted the leaders of countries including Iran, Russia, and Turkey today at a regional summit marking the thirtieth anniversary of declared diplomatic neutrality. After meeting on the sidelines with Iranian President Masoud Pezeshkian, Putin said the countries were exploring increased gas and electricity cooperation. Putin also affirmed Moscow’s support for Tehran at the United Nations. 

 

Former Pakistani spy chief sentenced. A Pakistani military court sentenced former military intelligence chief Faiz Hameed to fourteen years in prison on corruption and political meddling charges. It is the first time that a former head of intelligence has been prosecuted and sentenced by the military. Hameed was appointed by imprisoned former Prime Minister Imran Khan, who accuses Pakistan’s current authorities of carrying out a politicized repression campaign against him and his supporters. 

 

Twist in Ábrego Garcia case. Kilmar Ábrego Garcia, a Salvadoran resident of Maryland whom the U.S. government erroneously sent to a Salvadoran prison earlier this year, was released from immigration detention yesterday. The Trump administration is trying to deport him again, but a judge ruled the government lacked the legal basis to detain him at this time. His deportation earlier this year became a flashpoint for criticism of Trump administration immigration policies.

 

Flooding in Gaza. Israel is blocking emergency supplies to reinforce flooded tents from entering Gaza, according to the UN’s International Organization for Migration (IOM). At least twelve people are dead or missing and tens of thousands of tents flooded following heavy rains yesterday, Gaza’s Hamas-run government media office said. Israel maintains it is meeting its obligations to allow aid into the enclave.

 
 

Postcard from Cotonou

Soldiers patrol in front of Benin's radio and television station after, according to Benin's Interior Minister, the country's armed forces thwarted the attempted coup against Beninese President Patrice Talon, in Cotonou, Benin, on December 7, 2025.

Charles Placide Tossou/Reuters

Foiled or not, the attempted military takeover in Benin bodes ill for political stability in West Africa, CFR expert Ebenezer Obadare writes for Africa in Transition.

 
 

What’s Next

  • Today, EU finance ministers meet in Brussels.

  • Today, Belgian Prime Minister Bart de Wever visits the United Kingdom.

  • Sunday, Chile holds a presidential runoff election.
 
 

Trump’s National Security Strategy 

A view of Trump in the Oval Office.

A good National Security Strategy should make tough choices and indicate priorities in a way the administration can allocate its resources, CFR expert Rebecca Lissner says on this episode of The President’s Inbox.

Listen
 
 

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