If you had told anyone watching the first chaotic  hours of Russia’s full-scale invasion that Ukraine   would still be fighting more than four years  later, hardly anyone would have believed you.

But here we are.

Not only is Ukraine still  standing, as of early March 2026, but it is,   by most measurable indicators, in a stronger  operational position than it was in 2025.

There are a few different reasons for this, all  centering on the fact that Ukraine has been able   to develop more effective weapons and tactics over  the course of the war while Russia remained firmly   entrenched in the “old ways.

” In fact, there’s  been such an exchange of fortunes that not only   has Ukraine broken through Russia’s frontline,  but Russia doesn’t seem to be able to prevent its   advance.

The key for Ukraine: hitting them where  it really hurts.

Let’s start with the broader   framing offered by Bill Browder, the financier and  anti-corruption campaigner who has become one of   the sharpest voices on the economic dimensions  of Russia’s war.

His argument is twofold.

On one   side, Russia has made huge tactical mistakes,  which we’ve covered extensively over the course   of the four years of war.

But the other argument  is that Ukrainian President Volodymyr Zelensky   is done waiting for Western governments to impose  economic pressure on Russia.

Instead, Ukraine is   doing it directly.

With strikes on Russian oil  refineries and attacks on the so-called shadow   fleet vessels that Moscow uses to circumvent  sanctions, Ukraine has managed to strike Russia   where it hurts most: Right in the wallet.

Every  refinery taken offline, every tanker disabled,   is a blow to the revenue stream sustaining  Russia’s war machine.

Let’s look at the numbers.

According to the Carnegie Endowment, Ukraine  knocked out around 38 percent of Russia’s oil   refining capacity.

However, that same analysis  suggests that Russia only realistically lost about   6-9 percent of its net fuel export capabilities  (due to having a cushion of excess production).

This was done over the course of 120 attacks  throughout 2025, most of which managed to inflict   some damage on Russian oil infrastructure.

The  attacks culminated in 2026 with 40 strikes over   the course of January and February, hitting  at least 13 vital targets.

This included an   attack on the Volgograd oil refinery, shutting  down 40 percent of its production capacity.

This   facility alone accounted for roughly 5 percent  of pre-war fuel exports, essentially allowing   Ukraine to further its goal of cutting Russia off  from the resources sustaining its efforts.

This   has all been in no small part due to Ukraine’s  ability to reach new targets, a capability that   has expanded dramatically since the early months  of the war.

Then, it was entirely dependent on   whatever range limitations Western-supplied  weapons happened to carry.

In 2025 and 2026,   that expansion is epitomized by Firepoint.

The  Kyiv-based private defense company, founded in   mid-2022 by a group of engineers, architects, and  game designers, started in makeshift workshops   and has grown to over 2,000 employees operating  across multiple concealed production facilities   in and around Kyiv.

In particular, the FP-1  drone deserves a moment of special attention.

The One-Way Attack (OWA) drone is the workhorse  that has been doing the most damage.

With a range   of roughly 620 miles, a warhead of over 60 pounds,  depending on configuration, and a design optimized   for modularity, ease of assembly, and electronic  warfare resilience, the FP-1 has been credited   with conducting more than 60 percent of Ukrainian  deep strikes inside Russian territory.

That means   the majority of the strikes on Russian ammunition  depots, oil refineries, and military command   centers that have made international headlines  over the past year were delivered by this single   domestically produced platform.

The FP-2 was  the next step up.

It’s a heavier hitter with   a larger payload but smaller range, designed for  targeting hardened structures.

The smaller range   of only 130 miles means that the drone was meant  to destroy command centers or stop Russians from   advancing into Ukraine’s territory.

But in early  2026, Firepoint’s co-founder and chief designer,   Denys Shliterman, suggested that the platform was  supposed to undergo an update to accommodate a   98-pound warhead to increase its effectiveness.

Above the FP-1 and FP-2 in capability sits the   FP-5 Flamingo.

This is Firepoint’s cruise missile,  which carries a 2,540-pound warhead over a range   of up to 1,900 miles.

Its airframe is constructed  using radar-transparent fiberglass winding,   a technique normally reserved for ballistic  missiles, which helps it evade radar detection   during flight.

Production began ramping up in  mid-2025, targeting 210 units per month by autumn.

More importantly, the Flamingo has already  been used, with Ukrainian sources confirming   strikes on Russia’s Kapustin Yar test range  in January 2026.

In a separate operation,   the missile struck an Iskander missile production  plant inside Russia.

This is a cruise missile,   built in Ukraine, hitting the factories that  make the missiles Russia fires at Ukrainian   cities.

Which brings us to the pinnacle of  Firepoint’s ambition: the FP-9.

This is a   short-range ballistic missile with a range of  around 500 miles, a warhead of 1,700 pounds,   and a terminal velocity of roughly Mach 6.5.

For  comparison, Russia’s Iskander ballistic missile,   the system that has caused enormous damage to  Ukrainian infrastructure throughout the war,   hits its target at roughly a third of that speed.

In practice, that means air defense systems have   a fraction of the intercept window they would  normally have against an Iskander.

And given   how Russia has been slowly bleeding S-400s  throughout the war, a widespread deployment   of FP-9s could accelerate Ukraine’s economic  sanctioning by missile.

Throughout all this,   arguably the most important factor is that  the entire weapons program exists completely   separately from NATO and Western constraints.

The ATACMS missiles provided by the United States   have a maximum range of approximately 190 miles,  essentially capped to prevent strikes deep inside   Russia.

So everything that has reached Moscow or  targeted infrastructure in Russia’s interior has   been domestically produced.

If the FP-9 reaches  widespread production, it could threaten Moscow or   Saint Petersburg.

Beyond the weapons themselves,  Ukraine has also started to address a systemic   problem that has reduced the effectiveness of  its drone campaign since the start of the war.

On March 10, Defense Minister Mykhailo Fedorov,  who was appointed to the role in January 2026   specifically to accelerate Ukraine’s technological  edge, signed a formal order restructuring how the   country buys drones.

The old system was based on  relationships, opaque demand-formation processes,   and factors that military analysts have described  plainly as corruption risks.

The result was that   Ukrainian frontline soldiers regularly received  drones that didn’t perform as advertised,   which they then had to modify and repair by  hand in the trenches.

The new system is much   more straightforward.

Military units submit  requests based on their needs.

The General   Staff then compiles a procurement list containing  only the technical specifications of the equipment   required.

Crucially, the list has no brand names  and no specific manufacturers listed.

The question   of which products actually get purchased is then  decided by five digital battlefield data systems:   ePoints, which tracks the real combat  effectiveness of equipment in the field;   DOT-Chain and Brave1 Market, which record what  units are purchasing independently, reflecting   actual demand at the ground level; and DELTA and  Mission Control, which provide synchronization
matrices and combat application analytics.

If  a drone doesn’t fly or doesn’t hit targets,   the system simply removes all demand for it.

The procurement decision is made by data,   not by whoever has the right relationship with the  ministry.

The budget allocation has also changed.

Under the new structure, 80 percent of procurement  funds go exclusively to systems that have   demonstrated effectiveness through battlefield  data.

The remaining 20 percent is reserved for   innovation, such as new systems being tested  under combat conditions, all without requiring   the full bureaucracy that exists in the Western  system.

Fedorov described this 20 percent as the   mechanism for rapid testing of new technologies  without unnecessary bureaucracy.

In practice,   it means Ukraine can test a new drone design  at scale within weeks of it appearing,   rather than waiting months for the certification  process to clear.

Then there’s the scale of   Ukraine’s defense industry, which has been  practically transformed.

At the start of the   full-scale invasion in February 2022, Ukraine had  seven drone manufacturers.

It now has more than   500.

Electronic warfare companies have grown  from two to more than 200.

Private missile   manufacturers did not exist; there are now more  than 20.

Unmanned ground vehicle companies went   from zero to more than 100.

This scale of growth  is something that hasn’t been seen in the 21st   century and has allowed Ukraine to stay on track  with Russia in terms of drone innovation.

On the   electronic battlefield, Ukraine has also made  strides in trying to curb Russia’s numerical   advantage, especially regarding drones.

Enter  the laser weapons.

Russia Ukraine update: 'The worst sunrise in my life': Ukrainians wake to  attack

Footage shared through Russian   Telegram channels, which is itself telling,  appeared to show a Ukrainian-directed energy   weapon disabling a fiber-optic guided FPV drone.

The drone in question is what soldiers on both   sides call a “waiter,” or an ambush drone  that lands beside a road in low-power mode,   waits for an enemy vehicle, then activates and  strikes.

Fiber-optic waiters are controlled via a   physical cable that spools out from the drone as  it flies.

Because they don’t use radio signals,   they are effectively immune to electronic jamming.

This is precisely why they have become one of the   more dangerous threats on the front line.

Of  course, Ukraine has its own version of the   fiber-optic drone with similar results, but it  can be argued that Russia made the advancement   first and has been using it effectively to  deny Ukraine the opportunity to place its   troops near the frontline.

But the new energy  weapon might turn that advantage on its head.

The footage shows a concentrated beam of light  tracking along the fiber-optic cable linking the   drone to its operator, after which the drone loses  control and shuts down.

This is most likely the   hypothesized Sunray laser system, a prototype  demonstrated to The Atlantic in February,   described as car-trunk-sized and capable of  burning small drones out of the sky within   seconds.

Serhii Beskrestnov, a Ministry of Defense  advisor and military radio-technology specialist,   responded to Russian claims that the footage  is real with characteristic sarcasm.

“Russians   say we have found a way to counter fiber optics.

With this thing, we also scan brains and abduct   people,” Beskrestnov stated.

But the Russian drone  operators caught on video did not appear to find   it funny.

Retired Rear Admiral Mark Montgomery  told reporters shortly before this footage emerged   that Ukraine could field battlefield lasers within  one to two years.

Compare this to the average   procurement time, ranging from six years and up,  with America’s own anti-drone laser systems being   in active development since 2022.

It’s evident  that as the counter-drone race accelerates,   with drones becoming the de facto replacements  for traditional human troops on the battlefield,   the first nation to make an effective low-cost  weapon could have an enormous advantage.

And   that’s precisely why the prospect of a laser  weapon is so unique.

Being powered by electricity,   the cost-per-engagement of the proposed weapon  would be significantly lower than the cost to   create the offending drone.

This is counter  to the existing economics of drone warfare,   where a relatively expensive missile or drone  is used to intercept less costly enemy drones,   which could essentially turn the very concept  of drones on its head.

But Ukraine has used this   momentum to its full effect.

On the ground,  the battlefield picture across February   2026 suggests that Ukraine is, at least by the  Institute for the Study of War’s own assessment,   in a better position than at the start of 2026.

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We  post daily content that closely follows everything   related to the war.

In short, Russia failed to  accomplish much of its actual goals for the winter   season.

Russian troops began advancing relatively  quickly on the Huliaipole and Oleksandrivske axes   in late October and early November 2025.

Russian  command likely hoped that these advances would   complement operations near Orikhiv, allowing  Russian forces to approach the city from both east   and west and eventually move toward Zaporizhzhia.

This maneuver could have allowed Russian troops   to bypass Ukraine’s heavily fortified east-west  defensive lines in Zaporizhzhia Oblast instead   of attempting frontal assaults from the south.

Remember, Zaporizhzhia was basically one of the   last “bastions” of Ukraine’s resistance in the  region, especially after Russia managed to claim   a Pyrrhic victory in Pokrovsk after two years  of combat there.

The plan had a certain logic   to it.

In early December 2025, ISW assessed that  a tactical breakthrough north and northeast of   Huliaipole could allow Russian forces to achieve  operational gains.

Then on December 29, 2025,   the Russian command announced plans to link the  Orikhiv and Huliaipole axes in order to advance   toward Zaporizhzhia.

Beyond that, the ultimate  objective seemed to be Ukraine’s Fortress Belt,   which is the heavily fortified corridor of  cities in Donetsk Oblast, including Druzhkivka,   Sloviansk, and Kramatorsk, where Russia has  been positioning to assault as the centerpiece   of its spring-summer 2026 campaign.

But this  is where things started going wrong.

You see,   Russia’s winter 2025-2026 missile and drone  campaign against Ukraine’s energy infrastructure   failed to achieve any of its intended strategic  objectives.

Despite causing significant damage to   Ukraine’s power grid and months of hardship for  civilians, Russian forces failed to sever the   energy network near the front, and their strikes  couldn’t prevent Ukraine’s defense industrial   base from growing in the region.

Ukrainian Defense  Ministry advisor Hanna Gvozdiar stated on February   19 that it had increased production 50-fold since  2022 and reached an estimated $50 billion worth   of output.

Russia targeted the infrastructure  meant to stop Ukrainian weapons production,   and yet the weapons production grew anyway.

On the  ground, Russia’s tactics were similarly hampered.

Moscow bet on infiltration tactics and offensive  actions with light motorized forces, which ideally   means it loses less armored equipment but  very many people.

But by late December 2025,   there was already a slowdown because Russian  forces had taken very heavy losses over the   preceding months.

The infiltration model  worked when Russian infantry successfully   penetrated Ukrainian positions, accumulated, and  consolidated.

But Ukrainian forces prevented the   infiltrating squads from getting a follow-up  advance from the rest of the Russian troops,   essentially cutting them off in the middle of  enemy territory.

This has likely deprived Russian   forces of the starting offensive positions from  which they intended to launch a summer offensive   with the goal of reaching Zaporizhzhia.

Then,  Ukraine’s counteroffensive launched in late   January exploited exactly that failure.

Ukrainian  forces started pushing Russian forces out of the   Dnipropetrovsk Oblast and undermining Russian  preparations for a spring offensive.

The sudden   shift in the frontline has meant Ukraine liberated  over 150 square miles of territory in less than a   month, returning more territory to Ukraine than  it lost in mid-to-late summer for the first   time since the Summer 2023 counteroffensive.

The  specific units being moved tell the story of how   stretched Russia actually is.

The Russian military  command was forced to redeploy elite airborne and   naval infantry units from the Pokrovsk direction  and the Dobropillya tactical area in eastern   Ukraine to the southern frontline, likely to  respond to those same Ukrainian gains.

These   were basically forces that only barely managed  to occupy Pokrovsk just months earlier and have   taken heavy casualties as well.

For example,  ISW had not observed the 656th Motorized Rifle   Regiment operating on the battlefield since August  2025.

This suggested the Russian military command   had previously withdrawn this unit and may have  been holding it in reserve for future offensive   operations.

Essentially, Russia is forced to  spend its spring offensive reserve on defense,   months ahead of schedule.

The fact that a series  of Ukrainian tactical counterattacks is forcing   Russia to make operational and strategic decisions  suggests Russian forces are already overstretched   even while preparing for a major offensive.

As a result, the Kremlin could be forced to   either abandon its plans for a spring-summer  2026 offensive or significantly adjust them   in Donetsk Oblast, Zaporizhzhia Oblast, or both.

But Russia’s problem is not simply the casualties.

The entire structure behind Russia’s war machine  is on unstable legs and close to collapsing.

Take,   for example, the recruitment numbers.

Around  422,000 people signed contracts with the Russian   military in 2025, which is a 6 percent drop from  the approximately 450,000 who signed in 2024,   according to Dmitry Medvedev, deputy chairman  of the Security Council of Russia.

Some Russian   regions are reported to have cut the size of their  military sign-up bonuses due to economic strain.

Remember, this is the same military that started  the war with roughly 160,000 troops deployed to   Ukraine, then committed nearly 900,000 soldiers  to the conflict.

And according to the most recent   estimates, Russia had lost over 1.

25 million  troops in the war, essentially going through   its entire pre-war reserve and then another half  of it.

More specifically, the peak seems to have   occurred in December 2025, when Russian losses  for the first time exceeded the number of newly   recruited contract soldiers.

Russia added  27,400 contract soldiers that month, while   its losses reached 33,200 killed and wounded.

In  previous months, conscription numbers were still   relatively favorable for the Kremlin, but this  slowdown complicates things greatly.

One analysis   suggested that Russia actually needs around 45,000  monthly recruits to have any hope of mounting a   serious offensive during 2026.

Considering that  it’s barely reaching two-thirds of that number,   it’s fair to say that Russia has essentially lost  most of its tempo, despite still maintaining a   healthy numerical advantage overall.

The Kremlin’s  response has followed a predictable pattern of   expanding the recruitment pool downward.

Russia  has systematically expanded so-called “special   contingents” used to replenish the army.

In 2025,  the category was broadened to include not only   prisoners and people under criminal investigation,  but also individuals with unpaid financial debts,   including outstanding loans.

Russia has also  increased the recruitment of foreign citizens,   particularly from countries it considers friendly,  including states in Africa and South America,   with potential recruits lured or even deceived  with promises of financial rewards or citizenship.

This all points to one thing only: that Russia  is slowly being drained of its resources.

On the   economic front, Ukraine has slowly managed to  exert its own form of sanctions by destroying   parts of Russia’s oil refining and export  infrastructure.

The West has also created   more pressure by being more vigilant over shadow  fleet ships moving in and out of the Baltic Sea.

On the weapon front, Russia has arguably lost the  advantage it had through the cheap-to-manufacture   Shaheds.

Ukraine’s domestic long-range drones have  a similar procurement cost, but it’s not tied to   another country.

Remember, with the U.S.

and  Israel in renewed conflict with Iran, Russia is   basically forced to concede some of its imported  weaponry from the Middle East.

Even worse, Russia   has basically acknowledged that it can no longer  influence the region when it pulled out of Syria   in late 2024 after quick opposition offensives  that mirror what Ukraine is trying to do in   Donbas.

And on the tactics front, Russia has spent  far too much time, effort, and soldiers failing to   capture two vital cities in the region: Pokrovsk  and Zaporizhzhia.

New footage geolocated by CNN appears to show Russian troops approaching  the embattled city of Pokrovsk in eastern Ukraine.

While Pokrovsk eventually fell,   it did so only after Russia reportedly lost over  25,000 soldiers in the area, roughly 20 percent of   the total casualties.

All of this culminates in  one thing: when Ukraine starts making another   push back into Donbas, Russia might actually be  forced to admit that it can’t stop it anymore.

But all of the battlefield reports actually come  second.

The real behind-the-scenes of the war are   happening in Moscow itself.

To learn more about  how Russian President Vladimir Putin is slowly   losing control over the country, check out this  video.

And if you want to stay up to date with   the most recent news in global military  and geopolitics, make sure to subscribe.