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is smartlink holdings limited (532419) worth holding long term ✌️【Interview Skills】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The past seven days have fundamentally changed Ukraine’s long conflict, and at a breakneck pace ahead ofDonald Trump’s inaugurationin January. The week marks a seismic escalation that nevertheless risks fading fast in the fatigue swamping the war, so it is worthy of a recap.

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Both sides dubbed each other reckless - and by sides, I mean the US and Russia. For this is fast becoming a war where Washington desperately seeks to alter Ukraine’s downward curve on the front lines, and Russia, the aggressor here from the start, edges towards riskier ways of restoring the deterrent value they have lost in the last three years.

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German Chancellor Olaf Scholz unilaterally rang Russian President Vladimir Putin, ending a two-year isolation of the Kremlin head from major Western leaders. Scholz was seeking to curry favor with pro-Russian voters in eastern Germany ahead of a general election, but justified his call by saying that if Trump was going to talk to Moscow, Europe should too. Ukraine and Poland were publicly angry; France and the UK seemed to more quietly seethe.

It is unlikely the White House decision on weapons stemmed from Scholz’s call, and indeed it said President Joe Biden’s reversal of months of delay over approving the missile use inside Russia was fueled by North Korean troops joining Russia’s ranks. Similarly, Putin’s decision to launch the Oreshnik missile was likely Moscow stepping up another rung on a carefully prepared ladder of escalation. Moscow and Washington have telegraphed these moves for months, even if they are still a little taken aback on how their adversary actually made them this week.

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In 2019, President Trumppulled outof the Intermediate Nuclear Forces treaty, the landmark act limiting the development of such weapons, accusing Russia of violating it. Western officials’ insistence this missile - which appeared nuclear capable - was “intermediate” in range, was perhaps a nod to Russia’s continued pursuit of such weapons outside of the now defunct INF. Perhaps this was a nod to Trump too that Moscow has been busy making the weapons his first term claimed they were.

Ukraine deemed the device the “Kedr”, apparently first alluded to in Russian state media in 2021. Kyrylo Budanov, head of Ukraine’s defense intelligence, said Friday it was a “medium-range ballistic missile, a nuclear weapons carrier. The fact that they used it in a non-nuclear version… is a warning that they have completely lost their minds.” Budanov said Ukraine assessed that two prototypes of the Kedr were made by October, but insisted “it is not a serial product, thank God.”

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Yet the week’s most troubling news is perhaps away from the loud geopolitical brawling and ominous fireworks over Dnipro.

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It is bleak in every direction. South of Kharkiv, Russia is advancing near the city of Kupiansk. Supply lines are at threat around the eastern Donbas region. Even southern Zaporizhzhia seems under greater pressure, and Moscow is persistently trying to push Ukraine out of its Kursk border region.

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Correction: A previous version of this story incorrectly named the head of Ukraine’s defense intelligence. His name is Kyrylo Budanov.

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