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Home » Alexander Mercouris: Ukraine Unravelling – War Enters New & Dangerous Phase (Transcript)

Alexander Mercouris: Ukraine Unravelling – War Enters New & Dangerous Phase (Transcript)

EDITOR’S NOTE: In this episode of the Glenn Diesen podcast, political analyst Alexander Mercouris of The Duran joins host Glenn Diesen to discuss the rapidly shifting dynamics of the Ukraine war. Mercouris argues that Russia has entered a new and more determined phase of military and economic attrition, while Ukraine faces mounting pressures across its financial system, military front lines, and political landscape. The conversation also explores the growing desperation in European capitals, the Fedorov political crisis, and Zelensky’s increasingly dangerous escalatory options. (September 4, 2026)

TRANSCRIPT:

Welcome and Introduction

GLENN DIESEN (00:00:00 – 00:00:19): Welcome back, everyone. We are joined today by Alexander Mercouris, the popular host of the Duran Podcast and also his own podcast, Alexander Mercouris. So thank you for coming back on the program. I left a link in the description to your podcast, so make sure to follow.

ALEXANDER MERCOURIS (00:00:22 – 00:00:26): Delighted to be here, Glenn, can I just quickly say.

GLENN DIESEN (00:00:26 – 00:01:05): Yeah, great to see you again. I wanted to ask you about what’s happening in Ukraine, because again, one should always be cautious about predicting too much, but what we’re watching now, it does appear to be somewhat unprecedented. We do have, we’ve had this, problems in Ukraine in the past where, but it’s been able to either mobilize more men, get more weapons from NATO, or just some pure resilience in terms of being able to withstand the pressure. But there seems to be something unravelling at the moment, though. I was wondering, how do you see this?

Russia’s Shifting Strategy and Growing Resolve

ALEXANDER MERCOURIS (00:01:06 – 00:02:45): I think that is exactly right. I think there are a number of factors at play. Firstly, we should not underestimate Ukrainian resilience and resolve. I mean, they have wanted to withstand and resist, and they have been successfully doing so. And that has played an important role in keeping this war going.

Critically important has been the assistance of the West. If the West had not been sending weapons and hadn’t been sending economic assistance to Ukraine and not provided an enormous amount of political assistance too, then again, the events, the course of events would have been different.

But I think something else has changed, and that is both attitudes in Russia and Russian capabilities. I think that the Russians have been building up their military and economic system to the point where they’re now producing even more weapons and even more machines and even more drones than ever before. But I think that over the course of this year, the Russians came to a conclusion that there was not going to be a diplomatic or political resolution of this conflict, that there had to be therefore a military one, and they became deadly serious about pursuing it. So I think that this has changed the dynamic. So the Russians are now doing things that they were not prepared to do before.

The Danger of Western Desperation

GLENN DIESEN (00:02:47 – 00:03:48): But I guess the problem is if you see some big cracks in Ukraine, be it the military, economy, the political system, society overall, 2 things can happen. One, the Russians might get overly confident and do something foolish. Or alternatively, the Europeans and Americans will get desperate, in a panic, and they will try to do something radical to rescue the situation.

And you see now some of the rhetoric indeed increasingly getting more hostile in Europe, especially out of Germany. I’m not sure if this is domestic politics, all this argument that they’ve been attacked in Leipzig by the Russians, but how dangerous do you think the time ahead of us is? Because I don’t think the Ukrainian army will simply collapse, the Russians will declare victory, and then we’ll call it a day.

ALEXANDER MERCOURIS (00:03:49 – 00:06:33): Absolutely not. And I think this is the most dangerous period of the war up to now. Up to this moment, up to the moment when there was a chance of a diplomatic resolution, the Russians had an incentive to act with restraint. And I think some people in the West were able to build on that and were able to tell themselves, well, Ukraine is holding together, things are holding together in Ukraine. We have a potential stalemate there. We can bide our time, outlast the Russians, and it will all turn out right for us.

The change in dynamic is also having an effect in Western capitals, in European capitals especially too. There they are becoming increasingly frightened and I think increasingly nervous. And we’ve had lots of reports. We had some reports a few weeks ago about European leaders contacting the Americans, telling the Americans, “Please get negotiations with the Russians restarted again, only make sure that this time you have us again in the room. This time you must have us in the room.” But the Europeans telling the Americans to negotiate with the Russians, whereas a year ago the Europeans were telling the Americans, “Don’t negotiate with the Russians.” So you see that there’s been a kind of flip.

You also see, as you rightly say, this intensification of the rhetoric, the talk about the Russians waging some kind of hybrid war against Europe. A drone discovered on the runway in Leipzig, and this somehow proves that the Russians are waging some kind of secret war against the West and the Europeans as well, and that there is this threat. And an even further, even more extreme escalation in language.

And the great danger — the thing that I think we all need to be aware of and concerned about — is that as things get worse in Ukraine, the demands for direct Western intervention in the conflict itself to somehow prevent a Ukrainian collapse are going to grow, and that demands will eventually translate into a demand for Western troops to be sent to Ukraine, for some kind of no-fly zone to be established over Ukraine, things like that.

Assessing the Cumulative Effects of the War

GLENN DIESEN (00:06:35 – 00:07:37): There seems to be some parallels though with that war against Iran.