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Any outcome short of surrender of Ukraine is an enormous headache for Putin that will likely cost him and his system dearly. They simply cannot, or they will be dead. Why? Because a million of veterans coming back and telling the stories will ask this question: „Why?“ The „Nazis“ are still in Kiev, the NATO is coming, what we got is just thousands of kilometers of ruins, what for was that? The war keeps them busy, for now. The situation is worse for Ukraine than for Russia, so it may feel like they can go on and actually win.

The same can be actually said about Zelensky, for whom any concessions to Russia mean political death too. If Ukraine loses territories forever, people will ask, why so many had to die for that. What was the plan. And blaming the West (which won‘t be 100% justified) will not help. And he may feel that now he is applying good pressure too, with those drone strikes and knocked out refineries.

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And then just push that (totally correct) line of thought a notch further to the conclusion that it's a long pre-planned, mutually agreed on (though I don't think there can be any disagreement in that club) operation to pull the people of both countries into the chaos in which they become apathetic, scared and subdued into the new world order developments like CBDC, total control and surveillance, while also getting rid of all revolt potential (read able men who are currently being slaughtered in the meatgrinder).
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> The same can be actually said about Zelensky, for whom any concessions to Russia mean political death too. If Ukraine loses territories forever, people will ask, why so many had to die for that.

That is actually not true at all. People in Ukraine know that it is not about territory but about sovereignty.

The problem of giving up territory is that you will run out of it. The goal of Ukraine is to survive as an independent state, not to hold the ground.

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Do they know it or do they believe in it? There‘s big difference between faith and rational analysis.
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>>>The same can be actually said about Zelensky, for whom any concessions to Russia mean political death too. If Ukraine loses territories forever, people will ask, why so many had to die for that.

There is wrong assumption here that Russia wants only those territories and not whole Ukraine. Also, the Ultimatum was sent to NATO, when Putin invaded Ukraine... and it includes aim to use force against half of Europe and justifications to use it against other half as well. Also, just like it was with Hitler, allowing him to swallow those territories did not prevent WW2... that was also in plans of Stalin to use Hitler as puppet.

So, the maximum of Russian gamble is to take over most of Europe and given that he also threatened Macron, Putin does not see Russia equivalent in power to anyone in Europe but only USA. He is that stupid - he thinks, that anyone should bow to him, because he has 4000 nukes.

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