Thanks To Sanctions, Valodya's Getting W's Far Beyond What He Gamed Out

 nakedcapitalism |  His bottom line is, as he says near the top of a two hour-talk:

The Russians are grinding down the Ukrainians and they are doing it with flipped math. 200,000 guys are grinding down 600,000 guys. It’s one of the most amazing things. When this story is finally told, people are going to be stunned. All these people now are saying, “Oh, the Russians, they are doing so poorly, the Russians this…”. Maybe they are. Maybe I’m getting this all wrong. But you know, I’ve studied military history, I think I know how to read a map, I think I know how to look at the balance of forces, I think I know how to study logistics and stuff, and I think I’m reading this right….This war is closer to being over than many people think.

Ritter also argues, interestingly, that it is of paramount importance that Zelensky surrenders to Russia, or the functional equivalent by signing a peace on Russian terms. Ritter argues that at this juncture, that means Russians cannot win too quickly. Ukraine has to look like it has exhausted its options.

Not that this is factoring into how Russia proceeds on the field, but a slower tempo favors Russia politically. Whether Zelensky accedes to Russia’s demands is ultimately a US call, unless he has found a way to go rogue. The West is at present unprepared to accept that, given that they believe their own/Ukraine’s propaganda that Russia is losing the war and that Russia’s economy is collapsing under the sanctions.

Western leaders and pundits appear not to have worked out that the rouble falling (so far much less than in the 1998 crisis) is not the same as a domestic economic seize-up. Aside from Western goods being hoovered up after the sanctions hit, we have yet to hear of domestic shortages. Admittedly, new hardships could kick in starting in a few months as important speciality items from the West like car parts become unattainable.

But the US and Europe are about to see energy price pain kick in in April, and that may soften them up with respect to a Ukraine settlement. We linked to this story on Saturday, but it’s important to keep in mind. From the Financial Times, IEA calls for driving restrictions and air travel curbs to reduce oil demand:

How the West Helped Putin With Sanctions

Ritter is amped up on the topic of sanctions. He argues that Saddam Hussein would have been shot by his own generals after the loss of the 1991 war save for Western sanctions, which unified the country behind him.

As for Putin, Ritter contends that Putin, who was originally pro-Western, became convinced of the time of the need to distance Russia from Europe, but was hampered by the roughly 20% of Russians who are middle class, normally politically indifferent, but would turn on Putin if he threatened their access to European goods and vacations. Per Ritter:

The West just did Putin the greatest favor in the world. They don’t even realize how stupid they were. The West divorced itself from Russia. Putin said, “Thank you. Thanks you very much! You’ve now allowed me to do what I needed to do.”