What peaceful settlement would you currently recommend?Regarding the first point we don't know that for sure. Surely it's better to concede small regions of Ukraine who consider themselves Russian anyway if it gets him to agree to withdraw. If he reneged on that then WW3 happens anyway so makes no odds but it's better to try than not try at all.
I think it's wrong to fight a proxy war through Ukraine though even if it blunts Putins blade. Who wins there? Ukraine even with NATO weapons won't win without NATO actually going in so its basically using the Ukrainians as cannon fodder rather than trying to come to a peaceful agreement now rather than later when Ukraines decimated
One where Russia's illegal invasion and annexation of Crimea and Ukraine, with thousands of deaths caused by this, is allowed? Would you let them keep it?
The real problem here is that the Ukraine, a sovereign and democratic state, would not desire this, and rightfully so; nor would it be in Europe's wider interest.
Therefore with the Ukraine's request for help from nations and collectives it wishes to join, I don't really see this as a proxy war in the truest sense.
Did we (the West, EU, Nato et al.) instigate this war? Are we now supporting Ukraine purely or primarily for our own ends? I'd say the answer is a resounding no.
We are helping Ukraine defend its own land, which will ultimately also help blunt Putin and destabilise his power base. That itself is a positive by-product too.
If we were forcing Ukraine to fight against its will, it would be different. But we aren't - they want help - they need help. And Putin wouldn't stop here.
I'm not anti-Russian and I feel sorry for many of the Russian people, but right now I know which side I'm on.