Berliner Boersenzeitung - How will it end? No easy answers over Russia's war on Ukraine

EUR -
AED 4.120156
AFN 72.364884
ALL 90.803943
AMD 404.528384
ANG 2.007949
AOA 1029.898611
ARS 1734.077131
AUD 1.621035
AWG 2.022213
AZN 1.906081
BAM 1.955937
BBD 2.253758
BDT 138.979752
BGN 1.960881
BHD 0.42253
BIF 3354.750342
BMD 1.121894
BND 1.432207
BOB 13.298696
BRL 6.180617
BSD 1.118979
BTN 105.025369
BWP 15.374599
BYN 3.350535
BYR 21989.116896
BZD 2.250558
CAD 1.584148
CDF 2570.258612
CHF 0.919678
CLF 0.027618
CLP 1086.958598
CNY 7.486172
CNH 7.481113
COP 3675.536984
CRC 506.835563
CUC 1.121894
CUP 26.855884
CVE 110.270772
CZK 24.341896
DJF 199.263982
DKK 7.475391
DOP 68.084777
DZD 152.624682
EGP 60.451115
ERN 16.828406
ETB 180.792892
FJD 2.526282
FKP 0.835984
GBP 0.834594
GEL 2.90596
GGP 0.835984
GHS 13.075684
GIP 0.835984
GMD 83.020251
GNF 9913.739794
GTQ 8.5506
GYD 234.582278
HKD 8.799058
HNL 30.074574
HRK 7.59411
HTG 146.670291
HUF 362.320075
IDR 20262.354178
ILS 3.543827
IMP 0.835984
INR 104.947573
IQD 1699.668985
IRR 2134162.158274
ISK 137.16221
JEP 0.835984
JMD 177.762473
JOD 0.795385
JPY 177.333286
KES 145.756022
KGS 98.109695
KHR 4566.320402
KMF 492.511066
KPW 1009.704304
KRW 1510.529067
KWD 0.348718
KYD 0.932565
KZT 502.045227
LAK 25242.608639
LBP 100206.73114
LKR 372.066107
LRD 190.233348
LSL 18.477482
LTL 3.31266
LVL 0.678622
LYD 7.190505
MAD 10.932472
MDL 20.170415
MGA 5155.101381
MKD 61.541364
MMK 2355.63634
MNT 4040.44421
MOP 9.037734
MRU 45.421187
MUR 52.76234
MVR 17.288641
MWK 1940.336146
MXN 20.784538
MYR 4.548717
MZN 71.700386
NAD 18.477574
NGN 1510.069344
NIO 41.083519
NOK 10.545145
NPR 168.037795
NZD 1.990812
OMR 0.43133
PAB 1.119079
PEN 3.85047
PGK 5.036742
PHP 70.770227
PKR 310.314733
PLN 4.385572
PYG 6994.490778
QAR 4.090487
RON 5.342349
RSD 117.608052
RUB 92.555869
RWF 1655.516162
SAR 4.218787
SBD 9.084309
SCR 16.429785
SDG 674.81632
SEK 10.994205
SGD 1.434341
SHP 0.834773
SLE 25.747516
SLL 23525.555278
SOS 639.544875
SRD 42.129343
STD 23220.934893
STN 24.501719
SVC 9.791687
SYP 14586.861783
SZL 18.395799
THB 37.502602
TJS 10.272421
TMT 3.937847
TND 3.374093
TOP 2.701251
TRY 56.347225
TTD 7.589533
TWD 36.871595
TZS 2967.406681
UAH 50.976387
UGX 4582.239831
USD 1.121894
UYU 45.123166
UZS 13422.941839
VES 1006.540888
VND 28695.797549
VUV 134.628489
WST 3.11898
XAF 655.957
XAG 0.021165
XAU 0.000272750831
XCD 3.031974
XCG 2.016742
XDR 0.793237
XOF 655.957
XPF 119.331742
YER 265.336214
ZAR 18.376058
ZMK 10098.392022
ZMW 22.743596
ZWL 361.24932
SSP 6446.193262
MXV 2.33655
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

How will it end? No easy answers over Russia's war on Ukraine
How will it end? No easy answers over Russia's war on Ukraine / Photo: ARIS MESSINIS - AFP/File

How will it end? No easy answers over Russia's war on Ukraine

The Kremlin wanted Russia's invasion of Ukraine to yield a lightning victory, but 12 months on the war is dragging into a stalemate with neither side achieving military breakthrough nor prepared to agree a settlement based on the status quo.

Text size:

Analysts fear the conflict sparked by Russia's invasion on February 24, 2022 will not end anytime soon, and that its intensity risks increasing in year two.

"It certainly doesn't show signs of being close to the end," said Jon Alterman at the Center for Strategic and International Studies, a US think tank.

"Each side feels that time is on its side and settling now is a mistake."

The Russian side, after some recent successes in Ukraine's eastern Donbas region, may well be preparing a spring offensive, experts believe.

But Ukraine appears determined to win back lost territory, aided by US and European governments whose support for Kyiv seems to be growing.

It has even made clear its intention to win back control of the Black Sea peninsula of Crimea which Russia annexed in 2014 -- an ambition that has sparked some wariness in the West.

French President Emmanuel Macron told Ukraine's leader Volodymyr Zelensky in Paris earlier this month that he was "determined to help Ukraine to victory".

- 'Good enough' victory? -

But that doesn't mean that the war necessarily ends with a clear Russian defeat, said Liana Fix at the Council on Foreign Relations, another US think tank.

"I think the most likely scenario is Ukrainian gains leading to 'a good enough' victory," she said, followed by "continuous fighting in some territories", as Russia tries to hold on to Crimea.

Russia may have the potential to mobilise large amounts of new soldiers, but they would have to be trained, fed and supplied with equipment -- tasks the Russian army has been "really bad at so far in this war", she said.

What type of arms Ukraine manages to get from its western allies will be decisive, said Dimitri Minic at the French Institute for International Relations.

Longer-range artillery, for example, "could allow the Ukrainian army to break the cycle of attack, counter-attack and defence, weaken Russia's capacity to recover and obtain a decisive victory", he said.

A "strategic" win, he said, could consist of "splitting the Russian army deployment in Ukraine in two via Zaporizhzhia", a city and region in southeastern Ukraine.

But, Minic cautioned, even when Ukraine inflicted a humiliating defeat on the Russian army by recapturing the southern city of Kherson, Moscow did not give up.

- 'Will do anything' -

"The Russians will do anything, including mobilising without limit and impoverishing their entire country if needed, to hold on to occupied territories and continue their conquests," Minic said.

Alterman said he could imagine multiple scenarios, such as "Russia exhausting the rest of the world and solidifying some gains."

"I could imagine a leadership transition in Russia that ends the war. I could imagine some sort of truce," but he acknowledged that "it's all too early to say".

So far, neither side has signalled any real willingness to negotiate.

Zelensky has put forward a 10-point peace plan involving a recognition by Russia of Ukraine's territorial integrity, and a withdrawal of all its troops.

Russia could "temporarily" accept Ukraine's independence and even a pro-EU and pro-NATO leadership in Kyiv, but only "in exchange for a recognition of Russian conquests in Ukraine", said Minic.

This, however, is a red line Ukraine will never cross, experts said.

- Threat of atomic weapons -

Another uncertainty concerns nuclear weapons and their possible role in the next phase of the war.

Russia brandished a thinly veiled threat of atomic weapons early in the conflict.

While that turned out to be "a bluff", according to Fix, a nuclear scenario could become a "very serious possibility" if Ukraine should manage to take back Crimea, Minic said.

If things get that far, he said, internal dissent in Russia may well boil over because of fears of nuclear war -- and because any use of nuclear weapons would be seen as revealing not President Vladimir Putin's strength, but his weakness, he said.

Putin has been seen as facing pressure within Russia but from an even more bellicose and hardline faction led by Yevgeny Prigozhin, the founder of the Wagner militia outfit.

Electoral events could have a huge influence over the future of the war, including a general election in Ukraine in October, and next year's presidential vote in the United States.

For this year, US support is assured, but congressional approval of a new aid programme for Ukraine is not a foregone conclusion, Fix said.

Some allied governments in Europe could also face voter fatigue and political opposition against the war if it drags on.

"There will be more difficulty to explain why this war continues," she added.

"We have to accept that in 2023 we need to see some major advances and victories of Ukraine."

(Y.Berger--BBZ)