Ukraine gets its sovereignty, Euro troops and we get rare earth stuff.
Putin gets nada.
In case you missed all of 2024 (despite our maximum efforts), Ukraine is net losing ground every day.
Russia is net gaining ground every day.
We have some leverage: sanctions, the fact that Russia is losing troops and paying a lot economically for this war. They also want this to end.
But we don't have the dominant position. They do.
Hint for Ukraine: don't start a war with someone 3.5 times your population, with 10 times your industry, with larger war stocks, 10 times your GDP... Once they mobilize, it's game over.