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Putin's Endgame in Ukraine
Putin's endgame in Ukraine is obviously something a lot more incremental than what he would have hoped for. I think even Vladimir Putin has resigned himself to the fact that his core goals that he set out are probably not going to be achieved. That sounds increasingly like we're hurtling towards a stalemate. The Ukrainians still have a strategic advantage in the longer term. It's because their weaponry is renewable, their morale is higher and their access to trained troops remains higher.