FT News Briefing The scramble for a Ukraine peace deal
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Nov 24, 2025 
Michael Stott, FT Latin America editor, discusses the U.S. push for a controversial peace plan in Ukraine, raising alarms among European allies. He explains the implications of designating Venezuela's 'Cartel of the Suns' as terrorists and Trump's historical campaign against Maduro. Leigh Harris, financial reporter, dives into the insurance industry's cautious stance on AI risks, revealing major firms like AIG considering exclusions for AI-generated liabilities. She highlights the fear of widespread market losses linked to emerging technologies.
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US Plan Crosses Ukraine's Red Lines
- A US 28-point peace plan for Ukraine shocked allies by crossing Kyiv's red lines and proposing territorial concessions to Russia.
- European diplomats scrambled to slow Washington and seek a more balanced negotiation pathway.
US Labels Cartel To Enable Tougher Action
- The US designated Venezuela's 'Cartel of the Suns' as a terrorist organisation to enable asset seizures and penalties against associates.
- Michael Stott warns Washington's military positioning suggests action could occur within days or weeks given naval and air deployments.
Maduro's Security Precautions
- Michael Stott describes how President Maduro has changed public behaviour, appearing only at choreographed events with heavy security.
- Stott reports Maduro is sleeping in different places nightly and altering movements at short notice for safety.