Losers after Three Years of Conflict: Ukraine or Europe?

Losers after Three Years of Conflict: Ukraine or Europe?

The Ukraine-Russia war is not only a regional crisis, but also a conflict that is shifting global balances. Detailed analysis on European security, the energy crisis and its impact on the global economy
Şubat 26, 2025
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The , which began three years ago, has gone down in history not merely as a regional conflict but as a seismic event that has shifted . At the outset, the sides were clearly defined, but over time, the question of who is winning and who is losing has become increasingly complex.

Despite economic and , Russia has demonstrated greater resilience on the international stage than anticipated. Despite facing significant military challenges, Moscow has not deviated from its strategic objectives. On the other hand, Ukraine has continued to suffer heavy losses as the war drags on, and its economic independence has become heavily reliant on external supporters.

For , this war is not just a neighboring country’s struggle but also a crisis that has impacted its internal equilibrium. Energy dependency, rising security expenditures, and political divisions have left deep marks on the continent’s future. Increased military spending and the rise of far-right movements have emerged as threats to Europe’s internal stability.

Over the past three years, Europe’s rational voter base and socialist movements that respect Russia’s sovereignty have largely lost support. Instead, far-right movements have been on the rise. The Alternative for Germany party becoming the second strongest party in the European Parliament elections is the most concrete example of this trend.

On the U.S. front, the war has been approached differently under various administrations. While the Biden administration has taken a strong stance by providing substantial financial and military support to Ukraine, the Trump era approached the conflict with a more pragmatic and cost-focused perspective. These shifting policies have cast uncertainty over Ukraine’s future on the international stage.

The effects of the war have not been confined to the battlefield. The global economy, supply chains, and energy markets have been directly impacted by this conflict. Rising inflation worldwide, growing economic imbalances, and geopolitical polarization are among the long-term consequences of the war.

In conclusion, the question of whether there is a clear winner or loser in this war remains unanswered. While Russia has maintained its strategic position, Ukraine has paid a heavy price for its sovereignty. Europe has been forced to reshape its security and energy policies, while the global economy has begun to restructure under the shadow of the war. The coming years will further reveal the impact of this conflict on world politics.

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