>>64108513
NTA, but Russia is screwed in any reasonable peace scenario, and is thus unlikely to ever offer or accept reasonable terms. I'm not even talking about the unlikelihood of economic soft-landing either.
Let's say that that Ukraine says that Russia can keep the territory it has right now. That's not good enough for Russia. The Kremlin (feels like it) needs Ukraine to be demilitarized and totally severed from NATO and the EU. If Ukraine keeps its army, which is a given, then Russia will never be able to let its guard down. It will have a militarized border hundreds and hundred of miles long that it has to keep manned. Forget any nonsense about a Baltic war. Any new Russian war kicks off in Eastern Europe, and Ukraine will immediately jump back in. The Finns did it in 1941; it's just naked self-interest.
Putin will never get the terms he desires, not until he realizes that the Donbas is the LAST territory Russia will gain in his lifetime.