Is Putin Winning?
With Ukraine’s counteroffensive stalling, is Putin back in control? The G20 is split. Although NATO is committed, India, China and many African economies are hedging their bets. A long war suits Putin. The longer it goes on, the more the West’s economic and military commitment to Ukraine will fracture. How will this pan out? What will be the economic and political consequences of Russia’s brutal return to the battlefield? From the Kremlin’s perspective, could it all be going according to plan?