For the moment, both Russia and the West appear to believe that their counterpart is doomed and that time is on their side. Putin dreams about the West suffering from political upheaval, whereas the West dreams about Putin being removed, overthrown, or dropping dead from one of many diseases he is regularly rumored to be suffering. No one is right. At the end of the day, a deal between Russia and Ukraine is only possible as an extension of an agreement between Russia and the West or as a result of the collapse of Putin’s regime. And that gives you an idea of how long the war could last: years, at best.