Russia’s War in Ukraine Doesn’t Look Anything Like Victory

On the eve of the fourth anniversary of the 2022 invasion, the Kremlin faces a paradoxical reality: while it occupies roughly 20% of Ukraine, the “strategic price” of that soil has fundamentally compromised Russia’s status as a global power. The war has shifted from a “Special Military Operation” to a structural drain that is hollowing out the Russian state from the inside out.