CROSSROADS FOR PUTIN
Russia is beginning to be cornered after Ukraine's penetration into its territory. This makes Putin lose the ideal image of a strong man, he knows it, and he shows it in his own image.
NATO already doubts Russia's nuclear capacity, and a conflict on that scale would eliminate it definitively.
China would not enter the fight, unless its world economy is harmed by US blockades, which Trump would do if he were president.
The Kremlin's strategy is to continue the fight in the same way it has been developing.
If Ukraine continues with its offensive, and Russia does not respond on a large scale, all or nothing, it will lose the war and the economic sanctions will end up destroying it definitively.
Given the circumstances, not even a peace agreement can benefit Russia.
How good it would be for the West to annex Russia, defeated and at the same time with all its capital, to NATO.