"Only the dead will see the end of war"This inscription is placed on the wall of the Imperial War Museum in London by no coincidence. It is the leading institution of its kind in the world, created to familiarize visitors with the history of the world wars and their impact on society.

Building on improving deal momentum in the years since the full-scale invasion, Ukraine’s M&A market in 2025 has begun to regain a measure of momentum; with year-on-year disclosed deal value and deal volume increasing by more than 15% and 20%, respectively.

Ukraine’s energy system is facing its most severe crisis since the start of the full‑scale invasion.

In September 1991, on an airfield in Tushino, Moscow, hundreds of thousands of young Soviets gathered to watch Metallica. Attendance has been estimated at up to 1.6 million people, placing it among the largest concerts ever staged. What is beyond dispute is this: it unfolded in the heart of a collapsing empire.

In 2025, Ukraine recorded the highest number of civilian casualties since the first year of Russia’s full-scale invasion. According to the UN Human Rights Monitoring Mission in Ukraine, the number of civilians killed and wounded in 2025 was 31% higher than in 2024 and 70% higher than in 2023. This is not a statistical anomaly. It is the result of a deliberate method of warfare.

Over the last week I have been approached by Ukrainians and diplomats living in Kyiv who say thank you to Prime Minister Mark Carney for his important and historic speech at the World Economic Summit in Davos.