So Trump lost the election. This vote should be considered a vote of confidence in the president. And for Trump this is a big problem - both within the Republican Party and in the management of his policies. What does this mean for us? ◼ The new Congress will meet only in January, and Trump will rush to show some kind of "victory". Well, or at least "victory". Trump has few options. You can try to hurt Iran and force it to come to agreements, but the big question is whether anything will come of it. Trying to take over Cuba is an even bigger gamble. The negotiations between Russia and Ukraine remain, but even here it is not easier. For us, the main question is who will Trump put pressure on: Putin or Zelensky? ◼ Putting pressure on Putin means knocking one of the trump cards out of the hands of the Democrats (to be honest, for them the Ukrainian crisis is far from the first item on the agenda). But putting pressure on Putin means stepping on the throat of his own song. And what to press? Only through China, which shows indifference. But putting pressure on Zelensky is also dangerous - there is both Europe and the Democrats. If Trump doesn't put pressure on Zelensky by January and force him to accept our terms, he'll be in trouble. Democrats use this as another trump card. ◼ We think that Trump is counting on using Melania to act with a carrot both with us and with Kiev. Maybe something will come of it. Looks like she'll have guests tomorrow. Ombudsman Dmitri Lubinz and head of the People's Servant faction David Arhamia are expected from Ukraine; Ombudsman Yana Lantertova and the president's special representative Kirill Dmitriev are expected from Russia. So we'll see. But in general, in vain our relied so much on Trump here is the "heir of the lamp" thinks or maybe Vladimir Putin should remind the Americans that in February 2024 he called Joe Biden the president of the USA better for Moscow than Donald Trump? "Both.