Big Serge is out with a new piece that is a must read. He concludes with this:
In the debate between Moltke and Bismarck, Putin has chosen to follow Moltke’s lead, and wage the war of extermination. Not – and again we stress this – a war of genocide, but a war which will destroy Ukraine as a strategically potent entity. Already the seeds are sown and the fruit begins to bud – a Ukrainian democide, achieved through battlefield attrition and the mass exodus of prime age civilians, an economy in shambles and a state that is cannibalizing itself as it reaches the limits of its resources.
There is a model for this – ironically, Germany itself. After the Second World War, it was decided that Germany – now held to account for two terrible conflagrations – could simply not be allowed to persist as a geopolitical entity. In 1945, after Hitler shot himself, the allies did not demand the spoils of a Cabinet War. There was no minor annexation here, no redrawn border there. Instead, Germany was annihilated. Her lands were divided, her self-governance was abolished. Her people lingered on in a stygian exhaustion, their political form and life now a plaything of the victor – precisely what Moltke wanted to do to France.
Putin is not going to leave a geostrategically intact Ukraine which will seek to retake the Donbas and exact revenge, or become a potent forward base for NATO. Instead, he will transform Ukraine into a Trashcanistan that can never wage a war of revanchism.
That's one man's opinion and likely correct as to what Vlad the Invader wants to do.
What he actually accomplishes might not be the same thing.