Yesterday marked the fourth anniversary of Russia's invasion of Ukraine. Four years of war in which Russian forces have occupied roughly one and a half percent of Ukraine’s territory at the cost of approximately half a million lives. Our guest, Frederick W. Kagan, and his team at the Institute for the Study of War (ISW) and the Critical Threats Project (CTP) assess that Russia’s strategy is to win at the negotiating table what it cannot seize on the battlefield. Putin’s theory of victory rests on the assumption that Russian forces will continue grinding forward indefinitely, regardless of the cost, and that he will be able to persuade the West to abandon Ukraine, ultimately forcing Kyiv to concede more than it already has. Successful negotiation requires changing Putin’s calculus. Over the past four years, Ukrainians have made their position unmistakably clear: “We would rather die than be part of Russia.” So, what will drive this tipping point toward peace? Would a global inflection point against malign actors and axis partners change Putin's negotiating position? And what security guarantees from the West would be sufficient to sustain this hypothetical peace?

Frederick W. Kagan is a senior fellow and the director of the Critical Threats Project (CTP) at the American Enterprise Institute (AEI). He edits CTP’s and the Institute for the Study of War’s (ISW) daily updates on Russia’s invasion of Ukraine. He was previously an associate professor of military history at West Point, and he earned the Distinguished Public Service Award for his volunteer service in Afghanistan. Dr. Kagan coauthored the report Defining Success in Afghanistan and is the author of the “Choosing Victory” report series, which recommended and monitored the US military surge in Iraq.

Read the transcript here.

Subscribe to our Substack here.