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The Economist predicts the end of hostilities in Ukraine next year. Fighting could end in 2025 as both Russia and Ukraine approach exhaustion.

This will be a priority for the new administration of US President-elect Donald Trump, as I write in The Economist.

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The United States is also decreasing its reserves of military equipment sent to Ukraine. Washington needs to pay attention to other partners, including Israel and Taiwan. The future of Ukraine may involve the loss of part of its territory due to Russian aggression.

Russia holds 7% of the territory it has already captured, and after the invasion in 2022 controls another 11%. Ukraine may have to acknowledge this loss and receive reliable security guarantees, perhaps through NATO membership. Discussions about joining NATO will begin next year, which could lead to a reduction in fighting and even an end to it.

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It will not be easy for Ukraine to recover its losses, but half-measures may be the best solution in this situation. Vladimir Zelensky said that the new US President Donald Trump will be able to achieve an end to the war and force Putin to peace, since Trump is stronger than the Russian leader.

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