A lasting peace between Russia and Ukraine would, of course, be preferable, but it is simply unattainable. A long-term solution must not only be desirable, but also achievable, and at present such ambitious diplomacy is unrealistic.
Europe is faced with a serious security crisis, and a ‘European army’ might just be the answer.
The Russian economy is not collapsing, but it is stagnant and suffering high inflation. And this economic decline could be a tipping point, because Russia may run out of liquid reserves, prompting the Kremlin to cut public expenditure.