>>64377653
hard to say, they have certainly not achieved their strategic goals and will not achieve them, those being the disassembly of Ukraine as a nation, and the incorporation of its land and people into russia, or at least the installation of a government sympathetic to them, but i would say the most likely end to this conflict will be some form of peace deal that swaps some land for an end to hostilities
that is unless Ukraine or russia can somehow build a reserve force that can exploit a breakthrough sufficiently to actually reshape the battlefield, but that seems nigh impossible for russia who is busy mulching their reserves in the bunny ears, and very difficult for Ukraine who is much smaller and poorer
it looks like russia is just aiming to freeze the conflict, Ukraine will not aim for this, but whether or not they can achieve a victory is still up in the air
tl;dr: both sides are losing, but the upshot is that russia is no longer a threatening military entity