As the Russia-Ukraine conflict nears two years’ anniversary, there’s more and more talk of a possible peace deal following the failure of counteroffensive operation by Ukraine in the summer. Meanwhile, Western support for Kyiv seems less solid than before and war fatigue becomes more visible. So what is the latest situation on the ground? Could a peace deal be close at hand? And after 21 months of fighting, what is the most likely outcome of the conflict? To take a closer look, we are joined by Anton Fedyashin, associate professor in the History Department of American University; Mark Sleboda, Moscow-based international affairs & security analyst; and Peter Zalmayev, director of the Eurasia Democracy Initiative.