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He has lost already. I believe now it's just about saving face and going back to his palace. He is loaded. He will be rich until the end of his days, doesn't matter what the west do.
As of nuclear stuff - I don't believe it. It's just a desperate flex, nothing more. Kyiv is so close to their own borders - both Russian and Belarus. And again - they're brotherly nations, 95% of Ukrainians speak Russian.
Also happy to pay the economic cost.
I don't know if it's an unpopular opinion, but I'd rather Putin has Ukraine than the world was destroyed.