Russia will lose in any case. Much more important is whether it will be possible to stop the deaths of civilians in eastern Ukraine (aka the new regions of Russia) by protecting their rights, and whether it will be possible to disarm Ukraine by making it a truly independent, demilitarised country.

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I'm not sure you can consider them losers while conceding that they captured new territory.

All these territories are shitcoins that Russian taxpayers pay for out of their own pockets.