Same as V1 and V2.
Ukraine is losing ground, every day.
Eventually they’ll get depleted, i.e. burn through a generation of men.
Horrible.
Ukraine was holding 1,300 sq klm of their big prize, Kursk land, a few months ago. Russia will control that land before starting negotiations. Over the last 4 months, the area shrunk from 1,300 sq klm to about 360. In the last two days Russia has taken 100 sq klm and thousands of Ukrainian troops are trapped with no way out. Some have negotiated surrender by offering up equipment in exchange for their lives.
Once Russia clears the salient talks might begin.
And in the end this war will finish the way everyone knew it would 3 years ago. Just with a lot fewer young men.