The fact Russia is serious about Ukraine appears to finally be kicking in for NATO, the EU and Western governments. Whether this will end up being a matter of ‘too little, too late’ remains to be seen. But for the moment, there are at least some decisions being made in Western capitals which will lead to prudent action in the near future. The Western media is also coming around to the idea that all of this might very well be real. The media is almost always at least 48 hours behind events though, and we’re seeing that in their reporting today.
-Wall Street is responding negatively to the worsening situation in Europe. The Dow Jones Industrial Average cratered this morning, dropping more than 1,000 points. The immediate reason for the drop was news that President Biden will be holding a video call with European leaders this afternoon to discuss Ukraine and Russia’s growing military buildup. There are other factors contributing to the Dow’s slide into correction territory, however, the realization that the Ukraine crisis is worsening appears to be the catalyst.
-The US is moving ahead with plans to withdraw dependents of embassy staff from Ukraine starting this week. The plan was announced on Friday but did not garner much media coverage until the official authorization was given. Apparently, the US State Department has also decided to remove non-essential staff from the Kiev embassy as well. Great Britain has also announced the planned withdrawal of family members of diplomats and other embassy staff. London has also indicated it will be reducing its embassy staff in Kiev along lines similar to what the US is doing with its people. The European Union, on the other hand, will not evacuate its diplomats from Ukraine for the moment.
-NATO is starting to reinforce its Eastern Flank, albeit in limited fashion. A number of alliance members have pledged to deploy additional fighter aircraft and warships to the region in the near future. Denmark is sending four F-16s to bolster the Baltic Air Policing mission in Lithuania as well as a frigate to the eastern Baltic Sea. The Netherlands has pledged two F-35s for Bulgarian air policing duties, yet they will not arrive until April. Spain, we discussed last week, has committed two warships and possibly fighter aircraft to Bulgaria. France has revealed it is open to deploying ground troops to Romania and Bulgaria under NATO command. The United States is considering reinforcing its own forces in Europe but no further details have yet been made available.