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Putin attends a meeting with the head of the Republic of Ingushetia at the Kremlin in Moscow.

Sputnik/Mikhail Klimentyev/Kremlin via REUTERS

Russia’s war heads for a deep freeze

Who will win Russia’s war in Ukraine? What might a peace deal look like? The sad truth is that true victory may elude both sides, and there is no foreseeable basis for a lasting peace agreement.

The likeliest outcome in Ukraine is “an unstable, violent stalemate,” according to political risk consultancy Eurasia Group, one that creates future risks for Ukraine, Russia, and the world.

Here’s why ...

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