In an alarming and surreal day, Vladimir Putin announces the annexation of territory he does not fully control while his troops are in retreat across it.
Putin is losing on the ground and losing diplomatically, rebuked two weeks ago by two key allies, China and India. But he is not looking for a way to save face and get out.Advertisement
Outmanoeuvred in battle and isolated on the world stage, he is running out of options. And he is losing the Russian people, hundreds of thousands of them fleeing the motherland. Putin is fond of telling the story of the rat he cornered as a child, not giving up but launching itself at him with renewed fury.
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