Ukraine
Good news/bad news on the Ukraine front.
Good news is that Ukrainian military are now making progress. It is also good news that Vladimir Putin has declared martial law in the parts of Ukraine he recently annexed and imposed lesser but still severe restrictions on other parts of Russia. The crackdown is a sure sign of lack of public support.
Bad news that the Russians have started bombing Ukrainian power generating and water pumping stations. So far about a third of the country has lost power. It will be a dark, cold winter for Ukrainians who may also lose water supplies.
Good news on the economic front. The Ukrainian economy is actually growing. This is mainly due to a stable banking system backed up by $23 billion in Western loans to secure currency reserves. But the loans would have been ineffective if the Ukrainians had not cleaned up their banking system which a few years ago was one of the most corrupt in Europe.
European Union
Good and Bad News also on the EU front. They are having another summit as I write this and at the top of the agenda will be how Europe can weather the energy crisis. The bad news is that the European Council has to discuss this issue because the richer countries are bowing to domestic demands to outbid the poorer EU countries for gas and oil supplies. The good news is that they are at least discussing the problem.
Other bad news is that it appears that Iran is involving itself in Ukraine on the Russian side. The drones attacking Ukrainian power stations were made in Iran and there are reports that Tehran is also supplying Russia with trainers and surface to air missiles. The Iranians publicly disapprove of Putin’s invasion of Ukraine, but, more importantly, they hate America.
France
President Emmanuel Macron had developed a reputation for being more interested in locating Putin’s golden exit ramp than prosecuting the war. As such he was not Volodomyr Zelensky’s most popular Western leader. That perception is changing. This week France announced that they were sending a quarter of their high-tech Caesar cannon to Ukraine. They also announced training facilities for 2,000 Ukrainian soldiers and the dispatch of French anti-aircraft systems and radar. The French still lag well behind the British and Germans, but they are now committing themselves to increased military backing for Ukraine.
Italy