Stefan Theil
As Russia’s war against Ukraine enters its third winter, the scenarios for its outcome are still unclear. With neither side making substantial territorial gains in more than a year, there is much debate about whether the conflict has entered a stalemate—and who is to blame for Ukraine not advancing more quickly. At the same time, the fighting remains highly volatile in other ways, as Ukraine’s effective defeat of the Russian Black Sea Fleet in 2023 has shown.
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