So best case scenario, Zelensky govt promises neutrality from NATO and the attacks stop and Kiev can foster a balanced relationship between East and West. Worst case scenario, Ukraine is decapitated with only the western portion of the country left as a runt state.
The more I think about it tho, annexing territory might not be the end game because that won’t change the reality that NATO is on the Russian border. For Moscow, making Ukraine non-NATO, keeping Finland/Sweden non-NATO, and creating distance between themselves and the West is probably the most ideal goal.
On the other hand, the question of NATO’s existence has been answered by Putin’s actions. It’s a very interesting situation, NATO expansion was viewed as threatening in post Soviet Russia, but NATO expanded because post Soviet Russia was still seen as a threat, because it was still seen as a threat post Soviet Russia never truly warmed to NATO/US, NATO purpose was reinforced by Putin’s actions in places like the Caucuses, Putin/Russian fears don’t go away as NATO reaches its doorstep anyway, all it took to bring confrontation that close was support for the Maidan movement which then started the clock for this conflict.
Very entangled situation