Talked about the Russian frozen asset loan yesterday with Hugo Dixon, one of the creators of the idea. Here's why he says the alternatives fall short.

The long-range strikes may be much more consequential:

Russia's looming win in Pokrovsk? Not much really to write home about.

Chatted with @mcfaulmike.bsky.social yesterday about his new book on China and Russia. Here's a clip from our conversation and a link to the full video.

www.youtube.com/watch?v=yWch...

In my Substack live discussion with @davekeating.substack.com yesterday, I discussed how we're probably going to be in this Trumpian diplomatic process divorced from reality for some time.

Link to full discussion: publicsphere.news/p/live-with-...