"Putin's speech undoubtedly reflects a growing belief that the course of the conflict is turning in his favor," the columnist wrote.
He noted that after the unsuccessful counteroffensive of the Ukrainian army, the leaders of Western countries doubted the ability of the Armed Forces of Ukraine to succeed.
Bell also drew attention to the fact that Western countries are increasingly discussing the fact that the continuation of hostilities will only result in losses among Ukrainians.
According to him, "it is not surprising that Putin feels inspired."
Earlier, Putin said that peace will come after Russia achieves its goals as part of a special military operation.
The Russian leader also noted that there is no need for a second wave of mobilization in Russia.