Crowds gather to view destruction in an Odesa residential area that included a university student residence (photo: Anna Beria, with thanks).
We are possibly reaching the culmination point of Russia’s war of aggression in Ukraine.
After almost five years of warfare, Ukrainian resilience is being put ever more to the test. Ukraine’s forces are edging forward, regaining lost land in the Donbas from Russia’s armed forces. Not winning on the ground, Putin has declared unlimited warfare on Ukraine’s civilian population to terrorise them into submission, destroying critical infrastructure and causing mayhem as winter approaches.
Ukraine’s position is being further undermined much more overtly by Donald Trump, who has just now lifted sanctions on Russian diesel in an attempt to save his neck on the US mid-term election due on 3rd November. His showdown with President Zelenskyy over this issue had led to the US denying Ukraine access to Starshield, the military version of Starlink, in a move which one Ukrainian officer said is “comparable to a nuclear strike against us”. Trump seems to have backed down but nobody knows if it will be cut again and for how long, as Trump strives to end the war on Russia’s terms so he can pursue his business deals with Putin.
Money is critical factor for all sides. The EU and Ukraine have agreed that Ukraine’s needs can be met for the rest of this year. The Ukraine parliament has just passed some anti-corruption measures which should help the Ukraine’s government’s credibility in being able to use international assistance. But 2027 is underfunded. The ascendance of pro-Russian parties across much of the EU poses a threat to future budgetary support to Ukraine. French presidential front-runner Marine Le Pen has said France will stop funding Ukraine if she becomes President. Even if US Democrats win both Houses of Congress, it is by no means assured that the US will restore funding for Ukraine, which Donald Trump can stall even if it were to pass both Houses. The outlook for 2027 is uncertain.
That is why it is more critical than ever that Russia’s frozen assets are permanently confiscated and fully deployed in support of Ukraine. This would put them out of reach of Trump’s business schemes with Russia if a settlement ceasing the war were to be reached in Putin’s favour.
If Ukraine were to fall, it would have profound implications for the UK and its European Union partners.


The Journal was first published in 1993 as a newsletter. It has come a long way since then and is read by people from all walks of life and all over the world. As a peer-reviewed journal, the highest rigours of accuracy are maintained but we have made sure the content is as accessible as possible.
Lord Wallace was a Scottish Liberal/Liberal Democrat MP for Orkney and Shetland from 1983 to 2001. He was the leader of the Scottish Liberal Democrats from 1992 to 2005 and as a member of the Scottish Parliament, he served as Deputy First Minister of Scotland from 1999 to 2005. He stepped into the role of acting First Minister twice.

