Tuesday, March 10, 2026

 March 10th, 2026 NEXT SUMMARY NEXT WEEK


Politics - Negotiations postponed

- Hungarian situation continues to brew


Combat Ops - Some few small Ukrainian gains


Economics - Oil prices mostly down a bit


Weather


Spring seems to have arrived, the thaw will continue; mud season has arrived.


Kharkiv

56 and sunny, gusting to 20. Sunny all week. Daily lows in the 30s, daily highs in the upper 50s. Winds variable, 5-10kts.


Melitopol

57 and sunny. Sunny all week. Daily lows in the low 30s, daily highs in the upper 50s. Winds variable, 5-10kts.


Kyiv

55 and sunny. Mostly sunny all week. Daily lows for the next week in the low 30s, daily highs in the 50s. Winds south-westerly, 5-10kts.



Politics


President Zelenskyy posted yesterday that the US has asked to postpone the scheduled trilateral negotiations session set for later this week due to the current situation in the Mid East.


Russian news agency Interfax reported that President Putin sent a congratulatory note to Mojtaba Khamanei on his selection as Supreme Leader, noting that he will need "great courage and dedication.”

"I am confident that you will honorably continue the work of your father and unite the Iranian people in the face of severe trials. Russia has been and will remain a reliable partner of the Islamic Republic. I wish you success in solving the difficult tasks before you, as well as good health and strength of spirit.”


President Trump spoke to Putin by phone yesterday. President Trump noted that they discussed the war in Ukraine and the war in the Middle East.

"Yes, I had a very good call with President Putin. We had a lot of people on the line from our side, from his side. We were talking about Ukraine, which is just a never-ending fight and when, look, there's tremendous hatred between President Putin and President Zelenskyy. They can't seem to get it together.”

Overall, Trump called the conversation “positive.” Then he added that they talked about the Middle East.

"We obviously talked then about the Middle East and he wants to be helpful. I said you could be more helpful by getting the Ukraine Russia war over with, that would be more helpful. But we had a very good talk and he wants to be very constructive.”


The funds seized by Hungarian authorities from couriers for the Ukrainian Oschadbank have not been returned. Hungarian Transport Minister Lázár has stated they will not be returned until the Druzhba pipeline is again operational and oil is flowing.

"We know that Ukrainians are very nervous … if they are blackmailing us, we cannot be so stupid as to let it go. We did not do what we did by accident, we will not return their money. The money will remain here for now, we are waiting for the opening of the oil pipeline and for new Ukrainian cash supplies through Hungary.” 

Yesterday a decree, signed by PM Orban, was released that states that Hungarian authorities have been unable to establish ownership of the cash and gold.


At the same time, Hungary’s National Assembly (their legislature) voted 142 for, 28 against, with 4 abstentions, on a bill opposing Ukrainian entry into the European Union (there are 199 total members in the assembly).

The same bill also called for no more money or weapons to be sent to Ukraine. 



Ground Operations


Overall, there was little change in the lines along the entire front, despite a steady amount of activity, both in probes and in drone and artillery strikes. (Russian forces also continue to support ground operations with air strikes with glide bombs). While Russian forces appear to maintain the initiative in most area, Ukrainian forces have pushed back and there have been some gains at the western end of the line (along the Dnepr River) as well as in the fighting in the southeast, around Hulyaipole and north of Hulyaipole.

South-east of Kupyansk imagery confirmed Ukrainian troops in the town of Podoly, but it isn't clear whether the Russians actually controlled the town or had simply had probes in the town as well.

Fighting continues in the east end of Kostianitnivka and just east of that town and has evolved into another checkerboard fight, with Ukrainian and Russian elements interlaced across the east end of the town and in terrain perhaps 2 miles east of the city.

In Hulyaipole there is an interesting development: a Ukrainian element appears to have moved quickly up the T0814 roadway and seized a block of houses in the western end of the city. They are now at the end of a 4 mile long, 1 road wide salient. Ukrainian forces now need to reinforce or this element will be quickly squeezed.

Ukrainian forces are also reportedly counter-attacking in the Prymorske area and have, at a minimum, halted Russian movements, with some reports suggesting they have pushed Russians back from Prymorske, though there are other conflicting and contradictory reports.



Air and Maritime Operations


During the night of March 8th-March 9th Russian forces launched at least 137 x  strike drones into Ukrainian airspace. The UAF claimed it shot down, or defeated with EW, 122 drones.

Damage was reported in Dnipropetrovsk, Donetsk, Kharkiv, Kherson and Zaporizhzhia oblasts.

Targets again included the power grid and transportation facilities.

Civilian casualties include at least 6 killed and 42 wounded..

RuAF tacair struck 21 towns.


Ukrainian forces claimed they struck the Acron chemical plant in Veliky Novgorod (about 75 miles south-south-east of St. Petersburg) on the 9th, and images show a fire in the vicinity of the plant. The plant produces fertilizer.


During the night of March 8th-March 9th Russian forces launched at least 2 x Iskander ballistic missiles and 197 x  strike drones into Ukrainian airspace. The UAF claimed it shot down, or defeated with EW, 161 drones.

Damage was reported in Dnipropetrovsk and Kharkiv, Kherson, Odessa, Poltava, and Zaporizhia  oblasts; the two ballistic missiles struck power grid targets in Odessa.

Targets again included the power grid and transportation facilities, the NAFTOGAZ production facility in Poltava was struck again.

Civilian casualties not reported.

RuAF tacair struck 18 towns.



Economic Reporting


Feb22  Oct8 Nov7 Dec8 Jan8 Feb9 Mar9 Mar10

Brent      94.71   66.18 63.86 62.94 61.26 68.57 106.40 92.17

WTI     92.10   62.48 59.94 59.26 57.10 64.04 103.60 89.13

NG       3.97       3.44 4.33 4.96 3.41 3.20 3.37 3.13

Wheat      8.52  5.06 5.32 5.38 5.22 5.29 6.25 5.99

Ruble     85          81.28 80.95 76.52 80.35 77.40 78.20 78.61

Hryvnia 28.6 41.48 41.89 42.15 43.10 43.03 43.93 43.86

Urals 91.66 61.15 56.56 54.92 50.40 56.37 90.97 100.67

ESPO 94.52 66.74 65.18 61.95 52.28 59.77 84.99 97.96

Sokol 99.31 61.91 60.71 60.62 55.57 62.85 101.55 91.81



Thoughts


The fighting in Kostiantinivka is of note; depending on how you interpret it, each side is doing better or worse than expected. The city was hailed by Ukrainians as a real fortress, with the implication that the Russians would find it impossible to storm. The Russians have proceeded to regularly send small probes into the city and probes have reached more than half the city, though they hold very little. Now it appears to me that, east of the main roadway, the fight is taking on what has become the regular confused ground situation regularly seen over the last 2 years as the Russians grind down each city and town.

Ukrainian sources note that Ukrainians still hold some ground in eastern Kostiantinivkla, but miss the point that they were supposed to hold all of it.

That said, it’s the high ground on the south-west side of the River (the west side of the city) that is the real ”hard nut to crack,” and Russian forces have not begun to probe that area. 

At the same time, further south, the small Ukrainian counter-offensive - about 15 miles north of Hulyaipole, continues to hold terrain. And Ukrainian officers - regimental commanders - are now suggesting that it was a counter-offensive, not simply some sort of ad hoc break through.

That said, they also noted that they fully expect a Russian Spring Offensive, probably in the Pokrovsk - Kostiantinivka area, and note that the small counter-offensive was successful because they pierced a section of the line where the Russians had not yet built a new, forward defensive line. They noted that the Russians are now building new defensive lines in the Pokrovsk area.

As I guessed, it appears the limited counter offensive slowed to a crawl as they came within range of the first prepared Russian defensive lines - about 8 miles deep into Russian held terrain.

I think we might learn something about the actual depth of Russian strategic reserves in the next 4 months. If the Russians can grind down the Ukrainian counter-offensive in the south, AND grind down the east end of Kostiantinivka, AND finish the consolidation of Pokrovsk, then Russian reserves are sound. If they don’t manage all three simultaneously, then it’s a different problem and they’ll be susceptible to pressure.

As for the Ukrainians, they may want to hold the ground gained in this limited counter-offensive, or withdraw to more defensible lines in this area and shift forces to meet the Russian spring offensive. That will be a decision based on the extent of Ukrainian strategic reserve.


v/r pete 


Monday, March 9, 2026

 March 9th, 2026


Politics - Hungary and Ukraine: tensions rise over oil and money

- More power outages in Ukraine


Combat Ops - Large Russian strike package March 6th


Economics - Oil prices up - Russian oil included 


Weather


Spring seems to have arrived, the thaw will continue; mud season has arrived.


Kharkiv

47 and sunny. Sunny all week. Daily lows in the 30s, daily highs in the upper 50s. Winds variable, 5-10kts.


Melitopol

52 and sunny, gusting to 20. Sunny all week. Daily lows in the low 30s, daily highs in the upper 50s. Winds variable, 5-10kts.


Kyiv

53 and partly cloudy. Mostly sunny all week. Daily lows for the next week in the low 30s, daily highs in the 50s. Winds variable, 5-10kts.



Politics


As noted on Friday, Hungarian police arrested 7 employees of Ukraine’s Oschadbank who were transporting some $80 million in cash and 9kg (20lbs) of gold from Austria to Ukraine.

Hungary’s National Tax and Customs Administration later announced that “criminal proceedings” had been started on suspicion of money laundering. Hungarian authorities now pass along that the men were transporting cash of $40 million US and 35 million euros ($41 million) and 9 kg (20lbs) of gold.

Hungarian ForMin Szijjártó commented:

“Since January, a total of $900 million and €420 million [$496 million] in cash has been transported through Hungary, and 146 kilograms [322lbs] of gold bars have also been transported through the country.”

“We have a number of serious questions about this. First of all, this is a huge amount of cash, and we wonder why Ukrainians need to transport such a large amount of cash. If it is true that this is a transaction between banks, then the question rightly arises as to why the banks do not settle this between themselves by bank transfer, why it is necessary to transport such a large amount of cash, and why it has to be transported through Hungary.”

“These questions arise mainly because these cash shipments are accompanied by people who have clear ties to Ukrainian secret services.”

Hungarian PM Orban’s political director commented:

“Hundreds of millions in cash and gold moving through Hungary toward Ukraine — escorted by people linked to Ukrainian intelligence. Armored vehicles, suitcases full of money, staggering sums. Whose money is this? What was it meant to finance? Who benefits from it? And why must such enormous amounts of cash travel across our country instead of being transferred through normal banking channels?”

Kyiv labeled the arrests of the Ukrainians as: “hostage taking.”


At the same time ForMin Szijjártó condemned Zelenskyy’s remarks (“We hope that in the European Union, one person will not block the 90 billion [euros]. Otherwise, we will give this person’s address to the armed forces, to our guys, let them call him and talk to him in their own language,” Zelensky said).  Szijjártó suggested they were a threat against Orban, commenting at a press conference that Zelenskyy’s comment was:

“… beyond every limit… the kind of ‘culture’ coming from Kyiv. This is the man Brussels admires and the country they want to fast-track into the European Union. No one can threaten Hungary or its prime minister. No one can blackmail us just because we refuse to pay the price of Ukraine’s war and refuse to accept higher energy prices because of Ukraine.”


Slovak PM Fico will support Hungary’s PM Orban position on blocking the EU loan of 90 billion euros ($106 billion) to Ukraine.

"But the most important message will be that Slovakia is ready to take over from Hungary, if necessary. Currently, the EUR 90 billion military loan to Ukraine is actually blocked. But I am not naive.

“The President of Ukraine has recently been talking about resuming supplies in a month or a month and a half, that is, after the elections in Hungary, where he expects the opposition to win. Then there will be no chance for oil from the east, unless someone else takes over the Hungarian baton. Blocking this huge military gift to Ukraine is a legitimate tool to achieve the resumption of oil supplies.” 

Fico commented that President Zelenskyy’s comment that he would give PM Orban’s address to the Ukrainian army "crosses all red lines." 

He then commented that the 90 billion euros was a:

”mere gift…Because Ukraine will not return anything from these EUR 90 billion, just as it will not return anything from the next EUR 100 billion."

Of note, Peter Magyar, leader of the Hungarian opposition party Tisa, has also defended PM Orban and called for an apology and retraction from President Zelenskyy.

Fico will meet with the head of the European Commission and raise the issue of the Druzhba pipeline, which provides oil from Russia to Hungary and Slovakia, and in particular of pressuring the Ukrainian government to fix the pipeline.


As of the morning of March 9th, power out in Chernihiv, Kharkiv and Sumy oblasts. The Ukrenergo National Power Company statement:

"Due to hostile attacks on energy infrastructure and as a result of hostilities in frontline regions, consumers in the Kharkiv, Sumy and Chernihiv Regions have lost power as of this morning. Where security conditions allow, emergency restoration work is already underway.”



Ground Operations


Ground operations over the past weekend, and the past week, showed very little change. An Ukrainian military spokesman noted that Russian forces appear to be rotating some units to the rear and refitting, in anticipation of a probable spring offensive.

The Ukrainian counter-offensive in the south-east sector of the front, north of Hulyaipole, made some gains last week, but has not gained any ground in at least 3 days. Fighting was reported along most of the line - mostly recon probes by Russian elements of 5 men or less. A report of a Russian mechanized assault in the Hulyaipole area later showed what was listed as a “platoon sized” assault, but which in fact consisted of a single tank, a single IFV and 2 small all terrain vehicles (ATVs). In all likelihood, this was nothing more than the use of the 2 armored vehicles and ATVs to get perhaps a squad (10 men or so) forward without getting shot up, and they went too far before dismounting and were detected and the Ukrainians fired on them.

Fighting was again reported in the vicinity of the Antonovsky bridge, but there were no details.


All that said, the Pokrovske regional government (in Dnipropetrovsk, about 15 miles north of Hulyaipole) has ordered a “mandatory evacuation” of 5 villages in the area, all north or west of Pokrovske.


Pokrovska Territorial Community

•••

!! ATTENTION! MANDATORY EVACUATION! In order to preserve the life and health of the community residents, due to the increased threat to life and security as a result of the armed aggression of the Russian Federation, in accordance with the decisions of the Synelnyk District Coordination Headquarters for Evacuation dated March 3, 2026, Protocol No. 5, the Synelnyk District Commission for Evacuation dated March 4, 2026, Protocol No. 9, a decision was made to carry out mandatory evacuation from certain settlements of the Synelnyk District of the Dnipropetrovsk Region, where hostilities are underway, namely: Katerynivka village, Zarichne village, Drozdy village, Romanky village, Vodyane village. • Evacuation will be carried out within 30 days from March 5, 2026.

The evacuation transit point has been designated as the village of Voloske, Dniprovsk district, Dnipropetrovsk region.



Air and Maritime Operations


President Zelenskyy posted that since March 1st (8 days) the Russians have launched 1,750 strike drones, 1,530 glide bombs and 39 missiles into Ukrainian airspace.

Russian glide bomb usage continues to slowly climb.


Ukrainian forces report Russian forces setting up both antenna towers and aerostats near the front to provide links for wifi control of drones, replacing the Starlink system.


During the night of March 8th-March 9th Russian forces launched at least 

2 x Iskander ballistic missiles and 197 x  strike drones into Ukrainian airspace. The UAF claimed it shot down, or defeated with EW, 161 drones.

Damage was reported in Dnipropetrovsk and Odessa  oblasts.

Targets again included the power grid and transportation facilities, the NAFTOGAZ production facility in Poltava was struck again.

Civilian casualties not reported.

RuAF tacair struck 17 towns.


During the night of March 7th-March 8th Russian forces launched at least 

2 x Iskander ballistic missiles and 117 x  strike drones into Ukrainian airspace. The UAF claimed it shot down, or defeated with EW, 98 drones.

Damage was reported in Chernihiv, Kharkiv, Poltava and Sumy  oblasts. Targets again included the power grid and transportation facilities, to include the NAFTOGAZ production facility in Poltava.

Civilian casualties included at least 11 killed and 16 wounded.

RuAF tacair struck 14 towns.


During the night of March 6th-March 7th Russian forces launched at least 2 x Zircon missiles, 13 Iskander ballistic missiles, 14 x Kalibr cruise missiles, and 480 x  strike drones into Ukrainian airspace. The UAF claimed it shot down, or defeated with EW, 8 ballistic missiles, 11 Kalibr cruise missiles and 453 drones.

Damage was reported in  Kharkiv, Kherson, Kyiv, Odessa, Sumy, Vinytsia, Zaporizhzhia, and Zhytomyr oblasts.

Targets again included the power grid and transportation facilities.

Civilian casualties included at least 9 killed and 23 wounded.

RuAF tacair struck 17 towns.


During the night of March 5th-March 6th Russian forces launched at least 141 x  strike drones in Ukrainian airspace. The UAF claimed it shot down, or defeated with EW, 111 drones.

Damage was reported in Donetsk, Sumy and Zaporizhzhia oblasts.

Targets again included the power grid and transportation facilities.

Civilian casualties included at least 1 killed and 5 wounded.

RuAF tacair struck 11 towns.



Economic Reporting


Feb22  Oct8 Nov7 Dec8 Jan8 Feb9 Mar6 Mar9

Brent      94.71   66.18 63.86 62.94 61.26 68.57 91.47 106.40

WTI     92.10   62.48 59.94 59.26 57.10 64.04 89.00 103.60

NG       3.97       3.44 4.33 4.96 3.41 3.20 3.11 3.37

Wheat      8.52  5.06 5.32 5.38 5.22 5.29 6.13 6.25

Ruble     85          81.28 80.95 76.52 80.35 77.40 78.94 78.20

Hryvnia 28.6 41.48 41.89 42.15 43.10 43.03 43.67 43.93

Urals 91.66 61.15 56.56 54.92 50.40 56.37 71.07 90.97

ESPO 94.52 66.74 65.18 61.95 52.28 59.77 75.40 84.99

Sokol 99.31 61.91 60.71 60.62 55.57 62.85 75.98 101.55


Note that prices were higher on Sunday, WTI hit 116.57 yesterday, Brent hit 116.82, and Murban crude (UAE crude that loads at Fujairah, just outside of the Strait of Hormuz), traded at 120.25 per barrel on Sunday, now trading at 114.30.



Thoughts


The tension between Kyiv and Budapest, and now Kyiv and Bratislava, is festering and appears to be capable of growing well out of proportion to the original issue. Add on what certainly looks like a money laundering scheme or some other sub rosa activities and it is clear that Kyiv needs to act quickly to get this tamped down or run the risk of several EU states acting together in a manner that could simply freeze EU support to Ukraine. 

This is a potential “for want of a nail” situation.


Presumably the five in villages Dnipropetrovsk are being evacuated in anticipation of a Russian offensive later in the spring. It may also be that the Ukrainians will use the towns as defensive positions and start building hard points in each to block any Russian advance. 


The Ukrainian Air Force is sending some personnel to the Gulf to pass along lessons learned about engaging Iranian strike drones. All well and good. I would hope someone will ask the other side of that question: why is it that no matter how many or how few drones the Russians launch, about 10 - 15% always seem to get through?


v/r pete