Images: Getty Images (Ludovic Marin; Natalia Kolesnikova; Alexander Nemenov; Tofik Babayev)
STRATEGIC OUTLOOK 2023
Eurasia | Top five risk drivers
Ukraine and Russia are gearing up for a protracted conflict. Moscow finds itself in a vicious circle where military failures prompt the Kremlin to double down. And Ukraine’s opposition to ceding territory to Russia is hardening. Emboldened by military successes in the autumn of 2022, Kyiv appears determined to retake all of its land from Russia. But this will likely be a long, arduous fight and one whose second and third order consequences continue to reverberate across Europe.