I believe Putin is finished he is not just losing the war...but he has gone mental and become crazy.
It's complex.
Here's the thing............
Considering what the original plan was, that surely failed. In that sense: yes, they are losing.
Considering how MANY losses they have already taken and the humiliating amount of generals killed... In that sense: yes, they are losing.
However, even with all those humiliating losses and even with that heroic ukrainian stance.... they still have overwhelming forces as compared to ukraine. Even if Ukrainians are killing 10 russians for every single ukranian killed, Russia still maintains superior numbers and firepower.
So the
battle, ukrainians can not "win" imo.
The war though.... the war will not be won by Russia.
Russia succeeded in creating a situation where they lose no matter what.
Even if they win, they still lose.
They attacked ukraine to prevent them from joining nato.
By doing so, they only made sure sweden and finland will join. And eventually ukraine also (if they survive this sufficiently well enough as a country).
Before the war, Nato would have gained 1 additional member in the long run.
Due to the war, Nato will gain 2 additional members in record time.
The west is going to accelerate their plans to stop importing oil, coal and gas and push harder towards green energy (with likely a stop underway by purchasing gas etc elsewhere). What used to be a 50-year plan is now a 10-year plan, while moving away from russian energy an "ASAP" plan.
Now, Russia can go try and sell their fossil fuels to china and india at heavily reduced prices. So whatever happens, their income deteriorates.
There is simply no scenario here, not a single one, where Russia doesn't come out of this extremely weakened.
Regardless of what happens in Ukraine, Moldova or whatever other country they are thinking of... There is one mega certainty: Russia will come weaker out of it. Regardless of how it moves forward from here on: Russia is always at the losing end in the long run.
They thought they could "sell" this as "liberation" in ukraine. They really believed Ukrainians wouldn't mind that much to come under russian control and even thought many would love it.
Instead, they made sure that ukranians now harbor a very very deep rooted hatred for russians. One that will last multiple generations.
Their "Z" symbol is now on par with the swastika.
So yeah.... whatever happens: Russia has already lost.