And Russia will have gained a defensible land bridge to its warm water port on the Crimean Peninsula, all of eastern Ukraine east of the Dnieper River, and Control of the gas fields in the northern Black Sea coast at the very least.
That is an Obama/Biden “win” if I have ever seen one
And what has Russia lost? They have lost any chance at good relations with the west.
Who then will defend Russia when China steadily vassalizes them over the next decades?