It's not entirely clear how Russia is now defining victory. But there has certainly been no retreat from the ambition to subjugate Ukraine. At a minimum, Putin will want to occupy the four provinces in eastern Ukraine that Russia illegally annexed last September.
Putin is calculating that he can out-wait Ukraine and its Western backers, thinking they will eventually grow weary of war and put pressure on Kyiv to settle.
That doesn’t seem likely right now. Last week, US President Joe Biden pledged America’s “unwavering support” for Ukraine “for as long as it takes”.
The unspoken question, though, is what ”it” means. Because the interests and objectives of Ukraine and of its Western backers don’t exactly coincide. While strongly backing Ukraine’s struggle to resist Russian aggression, the United States and Europe don’t want to find themselves at war with Russia.
This ambiguity is something Moscow might seek to exploit.
It could happen, say, if Russia comes under intense military pressure, and threatens to escalate and widen the conflict. Alternatively, Russia might cynically propose a ceasefire, seeking to sow division among Ukraine’s Western supporters.
This might lead some Western countries to press Kyiv to be realistic and pragmatic, settling for less than full recovery of all lost territories for now – especially Crimea.
Yet a ceasefire would only work for Russia – not Ukraine. It would leave Moscow controlling those parts of Ukraine it already occupies. It would keep Ukraine in play as another ”frozen conflict”. This wouldn’t give Moscow the subservient Ukraine it wants longer-term. But a divided and dysfunctional Ukraine would serve Russia’s interests meanwhile.
Where does China’s peace initiative fit into this?
There’s understandable scepticism in Western capitals about Beijing’s credibility as potential mediator, given its close strategic partnership with Moscow, and implicit support for Russia’s position on Ukraine. That key provisions of the broad-brush Chinese plan undoubtedly favour Russia, especially calls for a ceasefire and ending sanctions without demanding withdrawal of Russian forces, does nothing to allay such doubts.
China doesn’t want to see Russia defeated in Ukraine. But it’s probably not dismayed at the prospect of ongoing conflict there, keeping the United States and Europe preoccupied, while rendering Russia more dependent on China, giving Beijing increased leverage over its large continental neighbour.
The purpose of China’s peace plan is essentially political.
It burnishes Beijing's global peacemaker credentials. The target audience is the Global South, of which China presents itself as champion, and many of whom anyway are ambivalent about the Ukraine war. Beijing might also be trying to appeal to those elements of European government and public opinion susceptible to calls to end the conflict.
But whether China will try to use its influence with Russia to nudge Moscow towards ending the Ukraine war, and how effective this might be anyway, is questionable.