A gift any Russian leader could only dream of is in Putin's grasp - a NATO without US military support

In a strictly military sense, the war in Ukraine is not going so badly for Kyiv. 

Russian territorial gains on the ground have slowed to a crawl since last November for which they are losing, on average, some 1,500 men every day.

They have almost - but still not quite - taken Toretsk. And after months of being on the verge of overwhelming the other key strategic towns of Chasiv Yar and Pokrovsk, Russian forces still remain outside them.

Russia's massive air bombing campaign against the Ukrainian power grid, its critical infrastructure and civilian targets has not brought Kyiv to its knees, though this has been far and away the toughest winter of Russia's air offensive against Ukraine.

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And in the Black Sea, Ukraine has chased the Russian navy away from its western waters and thus kept its vital shipping routes open from the Odesa ports to the Mediterranean and the Danube Basin. This is a strategic battle Ukraine has unquestionably won.

But with so much material help from Iran, North Korea and China, Russia is obviously prepared to carry on the war, even though on current trends, its own economy will be pretty shaky by the end of this year.

If Western powers, particularly the United States, continued with their previous levels of support, then Ukraine could carry on as well, if it were minded to keep fighting, even with its more limited pool of manpower.

But the battlefield doesn't matter much any more. The political ground has dramatically shifted under Kyiv and its principal backers in Europe.

The US seems to have suddenly reversed its position under President Trump, and it is driving Ukraine into a very rapid, so-called 'peace deal'. Serious negotiations have not yet begun, but top US decision-makers seem to want to give Moscow more than it could ever have dreamed of when its "special military operation" in Ukraine went so spectacularly wrong three years ago.

Moscow now feels it has a very good chance of keeping all its military gains, getting even parts of the Ukrainian regions it hasn't yet conquered, getting some relief from sanctions, US investment in its economy and re-entry into the G7, which would go back to being a G8.

It will also be making demands on what Kyiv will and will not be allowed to do and what NATO should do to "reassure" Moscow that it won't have to invade anyone else in an act of self-defence.

Most of all, the US is holding out the tantalizing prospect to Russia that NATO's "transatlantic dimension" may be militarily finished under the Trump administration. That implies that if the Europeans end up fighting Russia in the future, the US will stand aside.

That prospect is the greatest free gift Washington could ever give Moscow.

Stalin, Khrushchev, Brezhnev, even Gorbachev and Yeltsin, fervently wished for it but never even got close. Putin may feel it is now within his grasp, whatever happens next in Ukraine.

(c) Sky News 2025: A gift any Russian leader could only dream of is in Putin's grasp - a NATO without US mili