The fact that Russia has not taken ALL of Ukraine already is a defeat for Putin.
I can see Moldova trying to join NATO. Not sure what Ukraine gets out of this deal besides a cease fire. Will Russia be required to rebuild the Ukraine infrastructure? Or will this fall on the American taxpayers again? Need much more details. The USA MUST not be the ones forever bankrolling Ukraine.
Russia wants the areas that were covered by the two referendums. The people (mostly Russian) in those areas voted to return to Russia.
"To the Victor goes the spoils" has been in effect since the beginning of time.
Draw a damn line like Korea...and stop the damn fighting.