If Trump did a deal, he would bring extra elements into it that are not strictly about the war. He'd make a more omnibus deal so that Russia can make money, but nobody will be holding to their energy. I don't think escalating is worse because it doesn't look like there's any level of escalating that's going to make any difference. It looks like the strategy of the Biden administration is to just forever grind on Russia and use this as an excuse as long as we can.

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