The recent face-to-face between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov at the G20 gathering last month in New Delhi -- the first such high-level interaction since the start of Russia's full-scale invasion of Ukraine, suggests that diplomacy may no longer be a dirty word.
The war in Ukraine is in many ways a proxy war between the world's two major powers, with Russia backed by China and Ukraine backed by the United States. Over the past year, the war has triggered global energy and food crises, spurred higher inflation amid slowing global growth, and heightened the risks -- underscored by Russia's recent downing of a US drone over the Black Sea -- of a direct Russia-Nato conflict.
A ceasefire is the only way out of this military deadlock, but reaching an agreement could take a long time. The 1950-53 Korean War, for example, was deadlocked for two years before an armistice agreement was reached.
Russian President Vladimir Putin clearly believes that a prolonged war of attrition works in his favour. Despite the flood of Western weapons systems it has received, Ukraine is in no position to thwart Russia's intensifying aerial assaults.
But it is also becoming increasingly clear that Russia cannot achieve its strategic objective in Ukraine. It may have occupied nearly one-fifth of the country's territory but it has created a more hostile neighbour and reinvigorated Nato, which is now poised to admit Finland and most likely Sweden. Moreover, many of the unprecedented sanctions the West has imposed on Russia will likely endure beyond the war and inflict long-lasting damage on the Russian economy.
At the same time, US President Joe Biden's "hybrid war" strategy, which seeks to cripple Russia through soft-power techniques and the weaponisation of global finance, has failed to bring about Mr Putin's downfall or turn the rouble into "rubble", as Mr Biden vowed in the early stages of the war. The US-led sanctions regime has severely limited Russia's ability to resupply its forces but has fallen short of halting the Kremlin's war machine. While the sanctions have dented its earnings from energy exports, Russia has found willing buyers for its oil and natural gas in non-Western markets (albeit at a discount).
It is unlikely that Ukraine will be able to force Russia to withdraw fully from the territories it has occupied in the country's east and south. While the US has committed to upholding Ukraine's territorial integrity, restoring Ukrainian control over these regions seems like a distant goal at best.
Meanwhile, China is the only country that stands to benefit from a protracted conflict. As a recent report by the Washington, DC-based Free Russia Foundation says, China is already the "biggest winner" from the Western sanctions on Russia. China has become Russia's banker and most important trade partner, using the war to implement an energy safety net by securing greater Russian oil and gas supplies that could not be disrupted even if China decided to invade Taiwan.
The more the US is dragged into the war in Ukraine, the greater the likelihood that China invades Taiwan and America realises its worst geopolitical nightmare: a Sino-Russian strategic axis. The US may remain the world's foremost military power for now, but taking on the combined force of China and Russia would be a herculean task.
The war has already exposed the West's military shortcomings, such as depletion of supplies of critical munitions, America's struggle to scale up weapons manufacturing, and the weakening of the US-European consensus on Ukraine. All this could tempt Chinese President Xi Jinping to seek to deplete Western arsenals further before invading Taiwan, by indirectly shipping arms to Russia and forcing the US and other governments to increase weapons supplies to Ukraine.
While some in the West believe that a negotiated ceasefire in Ukraine would embolden China to attack Taiwan, Mr Xi does not need Russia to show him that aggression works. China's own cost-free expansionism, from the South China Sea to the Himalayas, is all the proof he needs.
As a recent RAND report points out, a protracted Ukraine war is not in America's interest. A prolonged conflict would lead to increased flows of US money and weapons into Ukraine, elevating the risk of a Nato-Russia conflict and hindering the ability of the US to respond to the China challenge. As Mr Biden has already acknowledged, a "negotiated settlement" is the only way to end the war -- better to seek it now than after months or years of bloodshed and devastation. ©2023 Project Syndicate
Brahma Chellaney, Professor of Strategic Studies at the New Delhi-based Center for Policy Research and Fellow at the Robert Bosch Academy in Berlin, is the author of Water, Peace, and War: Confronting the Global Water Crisis (Rowman & Littlefield, 2013).
