There is growing speculation about how the Russia-Ukraine war might eventually end. Three competing scenarios are strong possibilities. The most likely outcome is a definitive Russian victory after a grinding, bloody struggle lasting several more years. As time drags on, Russia’s larger population and military will confer greater and greater advantages in the fighting, despite the lumbering, inefficient nature of the Kremlin’s forces. The second most likely outcome is a frozen conflict roughly along the current battle lines. Fighting would end with an armistice rather than a formal peace...
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