They still don't have the necessary "mass" in terms of production to defeat Russia alone, but... they have sufficient production to cause Russia significant economic damage and to it's war machine
The Bank of Russia's own economic projections only go to early 2025 after which it is presumed that the war will have already ended. Basically, Russia in the next year is going to be unable to sustain the "sticking plaster" it has through government spending and things will start to decline rapidly.
Think mass inflation. Inability to increase payments to workers and soldiers etc.
This was what Zelensky meant when he said this :
War with Russia closer to end than we think - Zelensky
The Ukrainian president says his country has to be "very strong" to push Russia to the negotiating table.
www.bbc.co.uk
People like
@davek are so focused on what is happening in the south and aren't looking at the true strategic picture.
But that is
@davek for you.
They also seem to confuse the last two years where the Russian government has spent extraordinary sums of money to keep the lights on and things moving. It cannot do that indefinitely. It's in an unsustainable position. The Russian budget literally doesn't account for the war continuing in 2025
The Russian economy is going to be in the toilet in 2025 and 2026. The literal toilet.