The single least appreciated fact about the current conflict is that Russia has only committed 1/2 to 2/3 of the forces it built up around Ukraine's borders.
What Russia *has* suffered is a massive defeat in information warfare.
The narrative of Ukrainian success is having real consequences in terms of the willingness of foreign powers to toughen sanctions and provide military aid.
Today, I'm worried that Western nations may overplay their hand in trying to remove Putin.
They have drawn blood in their attempts to harm Russia's economy, and they will seek to go further in driving the Russian people to rise up and demand an end to the war.