A Blog by Jonathan Low

 

May 11, 2026

Russia Retreat From Kupiansk Reveals Accelerating Casualty Crisis

Even the Kremlin's small infiltration units are finding it hard to survive in Ukraine this year. 

As the first four months of 2026 have ended, Russia is facing a 'casualty crisis.' The number of dead and wounded are accelerating due primarily to ever more effective Ukrainian drones and their operators. But Russian losses are growing due to another, unexpected bureaucratic factor: more Russian families are demanding that their missing loved ones in Ukraine be declared dead - and Russian courts are complying. The families want the finality of their situation officially decreed, in part so they can collect the death benefits owed them. These results are public and thus difficult for the Kremlin to conceal or alter. JL

Mick Ryan reports in Futura Doctrina:

That Russian forces are no longer in Kupiansk, after struggling for months to support a small infiltration speaks to the logistical fragility of Russia’s operations when supply lines are contested. Ukraine is stepping up its ‘middle strike’ operations and the Russians are finding it difficult to convert infiltrations into sustainable gains. Ukraine's gains of the last two months reverse a long-term Russian trend. Monthly figures reveal a crisis of accelerating Russian casualties. The scale is being recorded in Russia’s legal and administrative systems in ways difficult to conceal. The 352,000 figure is broken down into 261,000 ‘regular’ fatalities and 90,000 ‘late’ fatalities whose deaths were declared by court order as missing and confirmed, or deaths registered with a delay over 180 days because bodies were not recovered, or not identified. This became visible in Probate Registry and Russian court records from mid-2024 on, when a mass campaign of court applications seeking to have soldiers declared missing or dead began to gather pace.

How Ukraine Turned Defense Into System of Battlefield Control

One of the Ukrainian military's advantages is that it is data-driven. This means it studies what has happened, assesses what it has learned, and then adapts accordingly.

In the case of its defensive systems, it has evolved from the traditional notion of stopping the enemy and instead used its knowledge about Russian strategy and tactics to engineer defenses around channeling Russians into time-worn preferences from which it can then extract maximum casualties and armored vehicle damage. In doing so, Ukraine has increasingly used ground and aerial drones to speed the construction of defensive positions and staffed them in ways that reduce their own casualties while increasing the enemy's. The result has disrupted and disoriented the Kremlin's forces which remain largely committed to predictable Soviet methods, enhancing Ukraine's success this year. JL

Vikram Mittal reports in Forbes:

Ukraine's defense has evolved into a “resilient defense” built through adaptation. It is designed to hold ground but also shape the battlefield and create favorable conditions for Ukrainian forces. Anchoring the defense is a dense, multi-layered network of engineering obstacles designed to block any Russian advance. These are more extensive, enabled by  innovations such as the BTM-3 trench-digging vehicle adapted to lay belts of triple-strand concertina wire that reach 18 rows. It  is manned by numerous small, dispersed units in positions designed for survivability. These positions are deliberately low-signature and equipped with protection against drones and precision strikes. The result has become a means of disrupting, disorienting, and inflicting losses on Russian forces. Ukrainian forces increasingly rely on aerial drones and ground robots to construct and extend obstacle belts.

As Ukraine Turns War Tide, Russia Suffers Worst Results In 3 Years

Remember Pokrovsk and Chasiv Yar? Russia is still trying to move past them. The latest results from the first three months of 2026 reveal that the Kremlin's forces are having their worst year since 2023. Estimates now suggest that at current rates, it would take the Russians 30 years to fully capture Donetsk oblast, the territory they claim as a precondition for a cessation of hostilities. As if.

Ukraine has persevered despite the effective withdrawal of US support, the savage bombardment of its energy infrastructure in winter and the ostensible numerical Russian advantage in troops. But when the mainstream media, including the chronically Ukraine-dismissive New York Times, begins pushing out narratives about Russia's 'challenges' in Ukraine and Vladimir Putin's plummeting popularity ratings, it is a signal that the stale Kremlin hype is no longer believable. JL 

Paul Sonne and colleagues report in the New York Times:

Russia enters this summer on the back foot. The past three months, amounted to its worst battlefield performance within Ukraine since 2023. It's military, in some parts of Ukraine, has lost territory. At its average monthly rate of advance so far this year, it would take Russia more than three decades to seize full control of the Donbas. Russia has spent years fighting for Pokrovsk, as well as Chasiv Yar. But the front line still runs through them, underscoring the extent to which the battlefield remains broadly stalemated. It has yet to solve the problem of how to make advances on a battlefield saturated with drones. Ukraine has gained the upper hand in recent months with rapid advancements in technology, production and tactics. Putin’s approval ratings have fallen to their lowest levels since the start of the war. 

AI Is Distorting the Economy Including Profits, Jobs, Markets

There's bad news and good news. The bad news is that the economy has never, in recent memory, been this distorted and concentrated by one sector or technology. Every data point on which corporate execs and investors depend has been influenced by AI spending. That means enhanced risk, should the party end. 

The good news is that along with the hype, the downside may also be exaggerated. Despite the headlines, layoffs are actually lower than last year. Where this leaves decision-makers in every enterprise on earth is fingering their worry beads. Hope and FOMO are triumphing over prudence and caution. The thinking seems to be that if all those smart, rich guys are doubling down, they must know something. But if it turns out all they know is that if things go sideways - or south -  they can dump this on governments and 'the greater fools' of legend, look out below. In the meanwhile, everyone is searching for elusive signs that AI will deliver the benefits it claims. JL

Greg Ip reports in the Wall Street Journal:

AI is distorting the stock market, profits, the speed and composition of economic growth, trade and even our moods—especially about the job marketBeneath the surface are two economies: AI and everything else:  the AI economy grew 31%, the non-AI economy just 0.1%. (And) while AI is distorting economic growth, its contribution to that growth is itself distorted. A lot of AI spending goes toward imported equipment, rather than domestic production. Computer spending contributed 1.7% of the first quarter’s 2% growth. Net out imports, and that drops to just 0.4. So AI is distorting international trade. Total S&P 500 earnings are 27% higher in the first quarter. But profits for the Mag-7 alone will be up 61%; for the other 493, just 16%, a figure itself inflated by semiconductor companies.

May 10, 2026

Russian Lines At Vovchansk Breached By Ukrainian Forces

Yet another successful counterattack by Ukrainian forces on a different sector of the front in which depleted Russian units were overwhelmed and lost their positions. JL

Roman Petrenko reports in Ukraine Pravda:

Ukrainian soldiers from the 23rd Assault Regiment of the 2nd Khartiia Corps carried out an assault operation on the Vovchansk front in April-May during which they crossed the Russian line of contact. The fighters mopped up the Russian forward defensive positions to the depth of a company strongpoint. The groups advanced through forested areas on the left and right flanks near the village of Starytsia. A total of 50 personnel were deployed on the left flank and another 15 on the right. The troops destroyed "more than 10 dugouts and [killed] 12 Russian soldiers".

Ukraine Permits Putin's 45 Minute "No Victory" Parade

What if you held a parade to display your military might but your army can't spare any tanks (cuz most of them are now scrap metal littering the fields of Ukraine) and a significant number of the parading troops are North Korean cuz so many of yours are dead or wounded. And, to avoid the embarrassment of Ukraine attacking your downgraded parade with impunity, you had to get them to agree to a ceasefire.

Awkward! JL

Phillips O'Brien reports in his substack:

Putin was was terrified to show up. For weeks leading up to the parade, he threatened and blustered to get the Ukrainians to allow him the hold the parade without attack. He ringed Moscow with an extraordinary number of anti air defense systems taken from other parts of Russia: 100 or more in the days leading up to the parade. (But) in the end, Putin called on Trump to come to his rescue, desperate as he was to get the Ukrainians not to attack. It was a hollow victory. The Russian military could spare no military equipment (and maybe Putin was afraid of it being used against him). There were hardly any foreign leaders attending. The parade revealed Putin’s deep insecurities, the lack of military equipment in Russia, the reliance Putin has on Trump to protect him, and the growing sense in Ukraine that they are  on top of events. Even with Moscow covered with the densest air defense network, the Russians were worried that they could not protect the parade from a Ukrainian attack.

Kremlin's Assault Tempo Craters As Ukraine Flips the Drone Math

Russia is taking less ground but at a higher rate of loss this year. This is the lethal arithmetic that Ukraine has figured out but the Kremlin hasn't. 

It is the result of deploying more and better drones over a wider sector of the front. And like math always does, it reduces the failing Russian effort to stark numbers which cannot be explained away by chest-thumping rants or high-blow theories. You are either taking ground or not. And the Russians are not. JL

Anton Zemlianyi reports:

Russia continues to prioritize capturing Donetsk Oblast—yet remains unable to reach even its administrative border. The slowing pace of Russian advance demonstrates the difficulty of occupying the region—and the Kremlin knows it. Ukrainian forces deploy 30% more front-strike drones than Russia. The result is visible in the price Russia now pays per square kilometer of Donetsk soil. In the first quarter of 2026, Russian forces in Donetsk Oblast lost an average of 316 soldiers killed or wounded per square kilometer, up from 120 a year earlier. In some sectors, losses have doubled. Russia is buying less ground at higher cost than at any point this year. The April reversal is what the cost curve looks like when it finally crosses the line.