Defeat, political implosion and civil war – those are the jeopardies that Volodymyr Zelensky faces as Ukraine heads into the most difficult and probably the last winter of the war. Evermore effective Russian strikes against Ukraine’s energy and transport infrastructure are likely to plunge swaths of the country into cold and darkness. Russian troops continue to push forwards slowly and bloodily in Donbas and, more dangerously, on the southern flank in Zaporizhzhia. Desertions from the Ukrainian army are up four times since last year and the number of deserters now matches the number of active fighters. The US has turned off the money taps and Europe struggles to produce the cash Kyiv needs to keep its war effort going.

But the most damaging crisis of all is a $100 million war profiteering

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