Joe Biden will mark the end of his term this evening when his final major speech as president is broadcast. 

Biden has consistently called on the incoming Donald Trump to keep up funding for Ukraine after the Democrat leaves, but the Republican has signalled his stance is to seek peace as soon as possible. 

Under his premiership, the US has committed nearly $200bn in weapons, aid, or ammunition for Ukraine since Russia’s invasion in 2022.

Analysts have noted that the outgoing Biden has “left it late” to push through a series of new bills and sanctions on the Russian regime.

A wave of sanctions hit Russian oil tankers and producers last week, and fresh sanctions were announced just this afternoon (see previous post).

Donald Trump will be inaugurated as president next Monday.

You can read more about what that may mean in our 9.57am post, or ask a question for one of our experts by clicking on the link in our 1.45pm post.