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Why the Biden administration is giving new, heavier weapons to Ukraine | CNN Politics

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Why the Biden administration is giving new, heavier weapons to Ukraine | CNN Politics



CNN
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For the primary time since Russia’s invasion of Ukraine, the US is offering Kyiv with the varieties of high-power capabilities some Biden administration officers considered as an excessive amount of of an escalation threat a couple of brief weeks in the past.

The $800 million checklist is pushed not solely by direct requests from Ukraine, but additionally in preparation for a brand new kind of struggle on the open plains of southeast Ukraine proper subsequent to Russia, terrain that performs into Russia’s pure navy benefits.

The brand new weapons package deal represents the starkest signal so far that the battle in Ukraine is shifting – and with it the weapons Ukraine will want if it hopes to proceed to stymie a Russian navy that has regrouped and resupplied after its preliminary failures within the opening weeks of the battle.

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The Biden administration introduced the brand new package deal included 11 Mi-17 helicopters that had initially been earmarked for Afghanistan, 18 155 mm Howitzer cannons and 300 extra Switchblade drones, along with radar programs able to monitoring incoming hearth and pinpointing its origin.

This package deal stands out from earlier safety help partially as a result of this tranche consists of extra refined and heavier-duty weaponry than earlier shipments. A US official tells CNN that’s by design, arguing that as a result of Russia, which was unable to seize Kyiv, has shifted its technique to pay attention forces in japanese Ukraine, the US is shifting its personal technique in what it provides Ukraine.

“The contours of what they want could be very completely different,” the US official stated.

The newly approved package deal was introduced days after nationwide safety adviser Jake Sullivan and Chairman of the Joint Chiefs of Employees Gen. Mark Milley spent greater than two hours on the cellphone with their Ukrainian counterparts reviewing requests. Protection Secretary Lloyd Austin additionally spoke with Ukrainian Minister of Protection Oleksii Reznikov twice within the final week. Reznikov gave an replace of the state of affairs on the bottom, which allowed Austin to find out what weapons Ukraine most wanted.

Biden delivered the information of the help package deal throughout a 58-minute cellphone name with Zelensky from the Oval Workplace on Wednesday. There was one merchandise Zelensky requested Biden for instantly: Mi-17 helicopters. In line with a supply acquainted, the helicopters had initially not been included within the package deal as of Tuesday evening as a result of US officers weren’t clear on whether or not the Ukrainians wished or wanted them right now. Zelensky made clear to the President on Wednesday that they did.

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The weapons being supplied are targeted on the kind of combating that’s prone to happen within the Donbas area – open terrain slightly than the shut combating in city and wooded areas that’s occurred in areas round Kyiv and different Ukrainian cities. The area additionally borders southwest Russia, permitting Russian forces to keep away from the kinds of sustainment, logistics and communication issues that derailed their all-out invasion of the nation practically from the start.

Pentagon press secretary John Kirby stated Wednesday that the package deal was tailor-made to the struggle in Donbas, a topography he described as “slightly bit like Kansas.”

“It’s slightly bit flatter. It’s slightly bit extra open. And it’s the sort of place the place we will anticipate that the Russians will need to use tanks and long-range fires, artillery and rocket hearth to attain a few of their aims earlier than committing floor troops,” Kirby stated.

The brand new weapons package deal, Kirby added, was “very a lot an effort to offer the Ukrainians each doable benefit on this struggle that’s coming.”

The Biden administration has confronted bipartisan strain to do extra to assist Ukraine, notably in calls to ship extra highly effective weapons. However the administration resisted for weeks, cautious of how Russian President Vladimir Putin, along with his forces already deployed, would reply. Officers warned the Kremlin may even see it as escalatory or a sign that america was becoming a member of the struggle.

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The difficulty was most acutely felt with the MiG-29 fighter jets Ukraine requested. The administration refused to participate in a switch of the Soviet-era jets from a 3rd nation to Ukraine through america, rejecting a proposal from Poland.

The US anxious, Kirby stated on March 9, that “the switch of fight plane proper now might be mistaken by Mr. Putin and the Russians as an escalatory step.” A big a part of the priority internally was over the proposal to fly them into Ukraine from a NATO air base.

Now the rhetoric of the Biden administration seems to have shifted together with the scope of the battle. Because the US prepares to ship within the varieties of weapons it has not despatched for the reason that invasion started, the Pentagon insisted this was a part of the US dedication “from the very starting” to assist Ukraine defend itself.

“How that will get interpreted by the Russians – you possibly can ask Mr. Putin and the Kremlin,” Kirby stated Wednesday.

For weeks, Zelensky pleaded with world leaders for extra arms and tools. In March, he spoke with the parliaments of 17 international locations, in addition to three worldwide organizations. He by no means strayed removed from his core message: Ukraine wants extra weapons.

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He requested Congress for brand new air protection programs to assist defend Ukraine’s skies. He requested 1% of NATO’s tanks and planes to struggle again towards Russian forces. And he sought extra weapons from Belgium, warning that if Ukraine loses, the European Union loses.

However his requires heavier firepower went largely unanswered. For essentially the most half, international locations despatched extra small arms ammunition, anti-armor missiles and anti-aircraft missiles, in addition to protecting and medical tools.

Now, with Russian forces making ready for an enormous assault on the Donbas area, the tide is popping.

“The envelope of what individuals are ready to supply has grown significantly within the final couple of weeks,” the US official stated. As soon as Ukrainian forces have been capable of maintain off the Russian invasion for the primary few days, it put the choices for safety help “in a short time in a unique place.”

Slovakia supplied Ukraine with S-300 anti-aircraft missiles. The Czech Republic despatched in T-72 tanks. The UK introduced that it will ship 120 armored automobiles to Ukraine. And now america has approved a spread of latest and extra highly effective weapons.

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As an indication of the coordination on help to Ukraine, the European Union introduced it will present one other $544 million in help on the identical day the White Home approved its personal $800 million.

The package deal introduced Wednesday marked the primary time the US was offering Ukraine with howitzer cannons. Kirby stated that a number of programs would require extra coaching for the Ukrainians to make use of them, together with the howitzers and counter-artillery radars.

Lots of the weapons which are being directed towards Ukraine are heavier, making them tougher to move throughout the nation. Ukraine has collected the weapons supplied so far from the US and different international locations at its western border earlier than transferring them to forces across the nation.

Kirby stated the Pentagon is aware of “time will not be our pal” as Russia prepares its subsequent offensive however that it’s working to maneuver tools into Ukraine’s fingers as rapidly as doable:

“Even earlier than this was introduced, we had been transferring at very, very quick pace all the opposite safety help that we’ve been offering, frankly at an unprecedented charge.”

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The Pentagon hosted the CEOs of the navy’s eight largest prime contractors Wednesday to determine easy methods to arm Ukraine sooner, in accordance with a readout of the categorized assembly. The roundtable dialogue, led by Deputy Protection Secretary Kathleen Hicks, targeted on the Pentagon’s aims to maintain supplying Ukraine with arms whereas with the ability to preserve the readiness of US forces and assist the protection of allies.

This story has been up to date with extra developments Wednesday.

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Russia launches Christmas Day attack on Ukraine’s energy system

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Russia launches Christmas Day attack on Ukraine’s energy system

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Russia has carried out a Christmas Day attack on Ukraine’s energy system, leaving more than half a million people without heating, water and electricity. 

Ukrainian President Volodymyr Zelenskyy said the attack, the 13th large-scale assault of 2024 on the country’s grid, was “deliberate” and not a coincidence. “What could be more inhuman?” he wrote on X.

About 50 of the 70 missiles fired in the attack were intercepted, along with a “significant” portion of the more than 100 attack drones deployed, he added.

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This year Ukrainians marked Christmas Day on December 25 for the second time, after switching to the western Gregorian calendar last year. The decision to stop celebrating Christmas on January 7 in line with the Orthodox calendar was made by Kyiv to break with Russian influence.

Oleh Syniehubov, governor of Ukraine’s eastern Kharkiv region, told Ukraine’s national television news that the attack had left more than 500,000 people without heating, water and electricity.

Temperatures across Ukraine are around freezing point.

Heating supplies were also cut in some areas of Ukraine’s Ivano-Frankivsk and Dnipropetrovsk regions, in the west and south of the country. 

Ukraine’s energy grid operator, Ukrenergo, urged consumers to limit consumption by not switching on multiple appliances at once, adding that the system was still recovering from the previous Russian attack on December 13.

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Ukraine’s largest private energy company, DTEK, said that its power stations had been damaged and one of its long-term employees killed.

Ukraine’s foreign minister, Andriy Sybiha, said on X that the attack reflects Russian President Vladimir Putin’s response to “those who spoke about illusionary ‘Christmas ceasefire’”.

Hungarian Prime Minister Viktor Orbán said last week that Zelenskyy had rejected his proposal for a ceasefire and prisoner exchange on the January 7 Orthodox Christmas.

Ukraine denied that such a proposal was ever on the table, asking Hungary to “refrain from manipulations” regarding the war. On Friday, Heorhii Tykhyi, spokesperson for Ukraine’s foreign ministry, described it as “PR, a move” by Orbán.

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American Airlines lifts ground stop that froze Christmas Eve travelers

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American Airlines lifts ground stop that froze Christmas Eve travelers

An American Airlines agent talks to a customer at O’Hare International Airport in Chicago, Ill., last week. On Tuesday, the airline issued a national halt to flights.

Kamil Krzacznski/AFP via Getty Images


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Kamil Krzacznski/AFP via Getty Images

American Airlines passengers across the U.S. endured a sudden disruption of service on Christmas Eve, as a “technical issue” forced the airline to request a nationwide ground stop of its operations.

“The ground stop has now been lifted,” the Federal Aviation Administration told NPR shortly after 8 a.m. ET.

On Facebook and X, passengers shared stories of boarding planes early on Christmas Eve — only to be left waiting on the tarmac. In some cases, they described being told the flight would return to its gate so everyone onboard could deplane.

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The ground stop lasted for about one hour, according to the airline.

 “We sincerely apologize to our customers for the inconvenience this morning,” the airline said.

In a statement sent to NPR, American says the widespread delays were caused by a “vendor technology issue” affecting systems that are needed for a flight to be “released” — one of the final key steps before a plane takes off from an airport.

Early circumstances around Tuesday’s outage seemed ominous, reminding travelers of a nightmare scenario that played out two years ago when computer problems fueled a meltdown for Southwest Airlines as it tried to cope with bad weather during the holidays.

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Southwest stranded millions of travelers — and was later ordered to pay a $140 million civil penalty.

Aviation industry veterans like George Hamlin, a consultant, notes that Southwest took the brunt of the blame for the meltdown — but, he adds, “now we’re finding out that it’s a larger, more endemic problem than that.”

Delayed American Airlines passengers who posted to social media Tuesday said pilots blamed the slowdown on a computer system that aims to ensure an optimal center of gravity by balancing planes’ cargo weight and other factors.

Winter weather also threatens to snarl Christmas Eve travel, including storms along the East and West Coasts of the U.S.

The FAA’s operations page shows nearly a dozen airports were deicing planes Tuesday morning, including at Philadelphia International, and Dulles International and Reagan National outside Washington, D.C.

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If you’re flying, the FAA recommends checking your airline’s flight status updates for potential delays. As of 9 a.m. ET, the FlightAware website’s “Misery Map” showed some 544 flights had been delayed and five canceled since 6 a.m. Nearly 120 of those delays were at Charlotte, N.C.’s, airport.

Nearly 12.7 million passengers are expected to fly on American Airlines this winter holiday season, comprising more than 118,000 flights, according to the airline. The most-traveled days in that span are both Fridays, ahead of and just after Christmas.

NPR’s Joel Rose contributed reporting.

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Private equity payouts fell 50% short in 2024

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Private equity payouts fell 50% short in 2024

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Private equity funds cashed out just half the value of investments they typically sell in 2024, the third consecutive year payouts to investors have fallen short because of a deal drought.

Buyout houses typically sell down 20 per cent of their investments in any given year, but industry executives forecast that cash payouts for the year would be about half that figure.

Cambridge Associates, a leading adviser to large institutions on their private equity investments, estimated that funds had fallen about $400bn short in payments to their investors over the past three years compared with historical averages.

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The data underline the increasing pressure on firms to find ways to return cash to investors, including by exiting more investments in the year ahead.

Firms have struggled to strike deals at attractive prices since early 2022, when rising interest rates caused financing costs to soar and corporate valuations to fall.

Dealmakers and their advisers expect that merger and acquisition activity will accelerate in 2025, potentially helping the industry work through what consultancy Bain & Co. has called a “towering backlog” of $3tn in ageing deals that must be sold in the years ahead.

Several large public offerings this year including food transport giant Lineage Logistics, aviation equipment specialist Standard Aero and dermatology group Galderma have provided private equity executives with confidence to take companies public, while Donald Trump’s election has added to Wall Street exuberance.

But Andrea Auerbach, global head of private investments at Cambridge Associates, cautioned that the industry’s issues could take years to work through.

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“There is an expectation that the wheels of the exit market will start to turn. But it doesn’t end in one year, it will take a couple of years,” Auerbach said.

Private equity firms have used novel tactics to return cash to investors while holdings have proved difficult to sell.

They have made increasing use of so-called continuation funds — where one fund sells a stake in one or more portfolio companies to another fund to another fund the firm manages — to engineer exits.

Jefferies forecasts that there will be $58bn of continuation fund deals in 2024, representing a record 14 per cent of all private equity exits. Such funds made up just 5 per cent of all exits in the boom year of 2021, Jefferies found.

But some private equity investors are sceptical that the industry will be able to sell assets at prices close to funds’ current valuations.

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“You have a huge amount of capital that has been invested on assumptions that are no longer valid,” a large industry investor told the Financial Times.

They warned that a record $1tn-plus in buyouts were struck in 2021, just before interest rates rose, and many deals are carried on firms’ books at overly optimistic valuations.

Goldman Sachs recently noted in a report that private equity asset sales, which had historically been done at a premium of at least 10 per cent to funds’ internal valuations, have in recent years been made at discounts of 10-15 per cent.

“[Private] equity in general is still over-marked, which is leading to this situation where assets are still stuck,” said Michael Brandmeyer of Goldman Sachs Asset Management in the report.

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