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The Intelligence from The Economist

War-chest X-ray: how to finance Ukraine

The Intelligence from The Economist

The Economist

News, Daily News, Global News

4.63.6K Ratings

🗓️ 29 October 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

Europe is edging closer to using seized Russian assets to finance Ukraine. The country badly needs that 140bn-euro windfall—and much, much more. A much-fretted-about AI jobs apocalypse is not here yet, but AI-adopting firms are hiring less for junior-level positions. And our ranking of the passports that permit the most freedom of movement.


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Transcript

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0:00.0

The Economist. Hello and welcome to the intelligence from The Economist. I'm Jason Palmer.

0:14.7

And I'm Rosie Bloor. Every weekday, we provide a fresh perspective on the events shaping your world.

0:24.1

When we've talked in the recent past about AI eating jobs, the data just haven't supported it.

0:30.5

But more job data are rolling in all the time, and one pattern is peeking out.

0:35.5

Among firms that are adopting AI hiring at the junior level is peeking out. Among firms that are adopting AI, hiring at the junior level, is flattening.

0:42.5

And I've always fancied being one of those people at the airport

0:45.7

who pulls out a sheaf of passports and blasts through security with the most useful document.

0:51.6

Sadly, I only have one.

0:53.7

But today I've been given some pointers of which

0:55.9

passports are the most powerful. But first... For the fourth year in a row now, Ukrainians are hunkering down for a winter of war.

1:20.6

On the front lines, the mud of the autumn will freeze solid and disappear under snow.

1:26.6

Territorial gains will become even more improbable.

1:31.3

This year, Russia has taken less than a percent of Ukrainian land.

1:35.3

Away from the front lines, civilians can expect Russia to continue strikes on energy infrastructure.

1:43.3

For many, the season will be very dark and very, very cold.

1:48.9

When times are good, you stock up for winter.

1:51.9

But in Ukraine, in many ways, the cupboard is bare.

1:57.1

So this is another pivotal moment in the Ukraine war.

2:02.5

Patrick Fowles is the economist's foreign editor.

2:06.5

That's because Ukraine faces a funding crunch, and the only body that can answer that for

2:12.3

Ukraine is Europe, and it needs to step up.

2:17.0

Why specifically is this a pivotal moment, do you think?

...

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