A serious blow to Russia's prestige and capability in the Black Sea. Nor is it the only loss for the Black Sea fleet, which faces a Ukrainian navy that has been drastically reduced since the takeover of Crimea and is essentially confined to its ports, along with its commercial vessels.
The blockade of the Black Sea has been a big strategic victory for Russia, compelling Ukraine to mine its own borders.
Stasis at Ukraine's ports has deprived vast swaths of the world, most notably of grain, but also of fertiliser, sunflower oil, and a host of other products that would have poured much-needed cash into the Ukrainian economy.
Despite the grain agreement reached in Istanbul, no ship has yet set sail. It demonstrates a great lack of confidence in Russia's intentions, especially after its missile attack on the port of Odessa while the ink on the agreement was still wet.
Today Putin pledged more heavy weapons. The long-awaited hypersonic Tsirkon missile will be handed to the Russian military in the coming months.
The ship Admiral Gorshkov, which has already tested the missile, will be the first to receive it. Putin claims that the Tsirkon missile system will be "unparalleled in the globe."
The throng along Palace Embankment may not have appreciated that, but they enjoyed the parade and flying pass.
Janna, whose disdain for all things British was apparent, asked, "Did you hear the crowd cheering when Putin came out?" "I hope you heard, I do not believe you have such a powerful boss."
"I feel you have pitted us, two fraternal peoples, against each other," she added, pointing her finger menacingly. "I hope you can grasp the Russian spirit when you visit Russia."
Natalia informed me she was certain of victory while wearing a T-shirt with the letter 'Z,' which is becoming increasingly popular. When I inquired as to what she meant by triumph, she responded, "Victory over fascism, over the Nazis, for peace!" I inquire, "What does the term 'Nazi' imply to you?"
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