Tomorrow 31 NATO countries are set to announce a 2-year commitment to provide Ukraine with $160 Billion usd worth of military aid to combat Russia through 2026 and 2027. The $80 Billion usd per year will consist of moneey already allocated as part of the EU loan for Ukraine, as well as bi-lateral loans and donations from the budgets of individual countries.
With Ukraine set to spend more than $50 Billion usd of it's own money on yhe war in each of 2026 and 2027, Ukraine will ave a war budget of approximately $265 Billion usd for 2026 and 2027. That is, by far, the largest influx of funding they've had since the outset of the war.
On paper Russia is doomed to lose the war. In reality Russia is already losing the war.
Why does Putin continue waging war against Ukraine? Perhaps
(a) he cannot personally accept the failure of his special military operation to absorb Ukraine
(b) he cannot personally acknowledge that his dream of recreating the USSR was just that - a dream
(c) the oligarchs are profiting from war production and do not want that profit to stop rolling into their pockets
(d) with much of the civil side of the economy badly damaged, government spending can no longer be switched from military to civil production to maintain GDP because much of the production capacity of the civil side of the economy has been severely damaged or even wiped out
On paper in 2022 Ukraine was doomed to lose a war against Russia in a few days or weeks. In reality the corruption and incompetence of the Russian military quickly became apparent after the invasion. Russia's prospects of winning the war against a people determined to resist Russian conquest more or less disappeared once the US and Europe decided to support Ukraine. Putin must have foreseen a quick victory so that by the time 'the West' resolved to support Ukraine, that support would be too late in coming, Ukraine having already fallen into Russia's hands.
The quick victory reasonably expected by Putin failed to materialise. At that point he should have abandoned his plan to conquer Ukraine. He refused. The rest is history and history still in the making.
Unless he is removed from power, Czar Putin looks certain to continue leading Russia downwards towards chaos, impoverishment and obscurity. The longer Putin reigns, the weaker Russia becomes. The weaker Russia becomes, the less of a threat it poses to its neighbours. Long live the Czar!