Let's define "winning" here... if Russia manages to take some of southeaster Ukraine and suffers 40k KIA and a further 80 wounded, that euqates to a huge blow to combat ready forces. We've also seen just how poorly it all really functions - it's nothing short of embarassing on a global stage, hence the brutality and war crimes. If you saw a peace treaty at that stage and Ukraine join NATO, that's a resounding loss for Russia. Sweden and Finland will go that way soon and the West might be convinced to defence Moldova as well at that point. If this all plays out from now till.. September and Europe has weened itself significantly off Russian gas, Russia will be in horrid shape. Think debt default and mass exodus of talent. China's economy is facing serious problems, COVID lockdowns and Xi is up for reelection soon - that also doesn't bode well for Russia.