Ukraine

Why Ukraine’s Russian oil strikes are backfiring

Every drone Ukraine fires at a Russian oil terminal is meant to defund Moscow’s war in Ukraine. Right now, each one may be doing the opposite. Ukraine’s strikes on Russian oil export infrastructure are intended to starve Moscow of the budget revenues that fund its war machine. The logic is straightforward: disrupt exports, reduce revenues, constrain the war effort. Kyiv has been explicit about this: Ukrainian officials consistently frame attacks on oil terminals as direct hits on Russia’s war chest, treating every barrel that cannot be shipped as a ruble that cannot be spent on missiles or mobilization. Reuters puts the scale of that disruption in stark terms – at least

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Putin is enjoying the Iran war

After Iran unleashed a torrent of missiles against its neighbors – including those with whom it had enjoyed friendly relations such as Turkey and Azerbaijan – few regional leaders are in the mood to congratulate the new Supreme Leader Ayatollah Mojtaba Khamenei. Few, but not none. “At a time when Iran is confronting armed aggression, your work in this high office will undoubtedly require great courage and dedication,” wrote Vladimir Putin in an official message of congratulation to Khamenei Junior. “I am confident that you will honorably continue your father’s legacy and unite the Iranian people in the face of these severe trials.” Putin was also at pains to “reaffirm our

‘More than half our squad were executed’: Inside Russia’s rotten army

The Russians are on the warpath – and Europe is Vladimir Putin’s next target. That was British Prime Minister Keir Starmer’s alarming claim at the Munich Security Conference in February. Britons “must be ready to fight, to do whatever it takes to protect our people, our values, and our way of life,” Starmer warned. Britain and Germany’s top military commanders delivered the same message in a recent article. Russia’s military posture “has shifted decisively westward,” wrote Air Chief Marshal Sir Richard Knighton and General Carsten Breuer. Soon the Kremlin “may be emboldened to extend its aggression beyond Ukraine.” Really? According to much western coverage in mainstream and social media, the

How Silicon Valley is calling the shots on the battlefields of Ukraine

Sometime in the late morning of February 4, somebody at SpaceX headquarters pressed a computer key. A command line was beamed to Starlink’s 9,600 satellites in low Earth orbit. Their onboard processors, circling 550 kilometers above the Earth, instantly obeyed the command and fractionally changed their operational settings. Back down on the frozen ground, in the trenches, bunkers and ruined cities of Russian-occupied Ukraine, hundreds of Starlink terminals lost internet connectivity. As another freezing night set in, the Russian army’s drones and tactical comms went dark. “We are left without communication!” complained a frontline Russian military officer in a video posted on the Telegram channel “Voenkory Russian Spring.” “Virtually on

No, Zelensky: World War Three hasn’t started

Ukrainian President Volodymyr Zelensky says that World War Three has already started. Speaking to the BBC on the eve of the fourth anniversary of the Russian invasion, it’s understandable why he would want to take this line, but he’s wrong. What is striking about Putin is the lack of a messianic ideology On an emotional level, Zelensky has seen millions of his citizens flee within and out of his country, its cities and infrastructure shattered and Vladimir Putin’s propagandists denounce him variously as a Nazi apologist, drug addict and western puppet. Of course he will frame this in the most apocalyptic of terms. More to the point, Ukraine is now

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Is the war in Ukraine any closer to ending?

Is the latest round of Russia-Ukraine peace talks, sponsored by the United States and currently under way in Geneva, likely to hasten the war’s end? Donald Trump seems to believe so. On Friday, President Trump claimed that “Russia wants to make a deal, and Zelensky will have to hurry. Otherwise, he will miss a great opportunity. He needs to act.” Europe, for its part, remains deeply skeptical and is urging Ukraine to fight on. As the EU’s Foreign Affairs chief Kaja Kallas told the Munich Security Conference last week, “the greatest threat Russia presents right now is that it gains more at the negotiation table than it has achieved on

Prediction markets have turned the world into a casino

How might the ayatollahs know an American strike force is coming? Advanced radar technology, perhaps, or a mole somewhere in the Pentagon. Or they could just look at Polymarket. There is currently around $125 million wagered in the largest market predicting when the US will next strike Iran. Given the current odds, traders reckon an attack will take place in the second half of this month. If Nicolás Maduro had checked Polymarket on the night of January 2, he would have seen his odds of losing power spike from around one in ten to 66 percent, hours before Delta Force arrived. One trader has racked up $150,000 in profits in

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Can Steve Witkoff persuade Putin to give up the Donbas?

Last week was one of realpolitik, Trump-style. Greenland was sorted, the “New Gaza” unveiled, and all that was left was Ukraine and Russia. Donald Trump went from Davos back to the US but ordered his special envoys to Abu Dhabi, armed with the president’s formula for ending the war in Europe, to get a deal to stop the killing and destruction. As the envoys from the US, Russia and Ukraine opened the talks on Friday in the capital of the United Arab Emirates, none of the pre-signaling indicated that a breakthrough was in the offing. Two days were allotted for the meetings, in the expectation that it wouldn’t just be

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What Ukraine’s ‘Amazon-for-war’ website can teach the US

Donald Trump calls Dan Driscoll the “drone guy.” The 39-year-old Secretary of the Army – also a “total killer” with a “nice, beautiful face,” according to Trump – is on a mission to modernize the US military and firmly believes that drones are “the future of warfare.” The former Army Ranger, Yale Law School student and venture capitalist, announced last month that the Army was going to buy 1 million drones. Catch-up will be hard. Currently, the US military acquires around 50,000 a year – while Russia makes 4 million and China 8 million. In his race against time, Driscoll’s north star is Ukraine, the country he calls the “Silicon

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Europe has left Ukraine living on borrowed time

Russia started the war on Ukraine, so Russia should pay for the damage it has wrought. Such was Volodymyr Zelensky’s forceful message to European leaders last night as he pleaded for a “reparations loan” backed by the €190 billion ($222 billion) of Russian Central Bank capital frozen in a Belgian clearing bank since Putin’s full-scale invasion. “Just as authorities confiscate money from drug traffickers and seize weapons from terrorists, Russian assets must be used to defend against Russian aggression and rebuild what was destroyed by Russian attacks,” Zelensky told his European allies. “It’s moral. It’s fair. It’s legal.” But after negotiations that went late into the night, Europe ultimately shied

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Boris Johnson: will cowardly Europe betray Ukraine again?

Boris Johnson has urged European leaders to hand $247 billion of frozen Russian central bank assets to Ukraine – but says he fears they “lack the courage” to do so, in an interview with The Spectator. The former British prime minister also warned that Trump is at risk of “morally polluting” himself if he caves to Putin’s demands in peace negotiations and encouraged his negotiating team to stop the “nauseating deals” they are discussing about joint business ventures. “I think Europe is at a very difficult point because Europe has got to do the reparations alone,” Johnson said. “And I’m worried that they lack the courage. They must do it.

Boris Johnson
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European leaders have changed their tune on war

Ten days after Thanksgiving, news watchers were exposed to one of the more culturally incongruous images in recent history: Ukrainian President Volodymyr Zelensky and French President Emmanuel Macron beaming in front of the British Prime Minister’s house at 10 Downing Street, giving each other the locked-thumbs handshake familiar to African-American jazz musicians and professional athletes of the 1970s. Right on, brother! At that moment, according to Ukrainian media, thousands of Zelensky’s soldiers had been encircled by Russian troops near the city of Pokrovsk (or Krasnoarmiisk, as it may well soon be renamed). Large gaps were appearing in the Ukrainian front, desertions were rising and Russians appeared to be opening a

Will US businesses profit from a return to the Russian market?

Rome Will peace in Ukraine also prove to be a great deal for US business? Vladimir Putin would certainly like Donald Trump to think so. Within days of Trump’s election victory last November, the Kremlin ordered major Russian corporations to prepare detailed proposals for economic cooperation with Washington. Coordinating these efforts were Maxim Oreshkin, deputy head of Putin’s presidential administration, and Kirill Dmitriev, the US-educated Harvard, Stanford and Goldman Sachs alumnus who heads Russia’s sovereign investment fund. According to a major US investor in Russia who eyes a postwar return to the market, among the major Russian corporations setting out potential deals for US companies were Russia’s atomic energy agency

Trump’s brave new world

No one ever tucked themselves up in bed to read a government document – at least not in the expectation of enjoying it. The standard format is one of hundreds of pages of impenetrable jargon yielding no more than nuggets of significant ideas. The Trump administration has admirably cut through that tendency to produce a National Security Strategy (NSS) that is worth reading: a coherent outlining of America’s strategic intentions on the world stage. Originally composed by Michael Anton, a brilliant mind who is sadly leaving the State Department, the document concisely lays out a Trumpian vision of America’s role in the 21st century. It stands as a corrective to