A Ukrainian soldier near Bakhmut, Ukraine, December 2023
Viacheslav Ratynskyi / Reuters

Since the failure of offensives in 2023 by both Ukraine and Russia, a narrative is coalescing that the war in Ukraine has reached a stalemate. The perception of an indefinite but static conflict is causing a sense of fatigue in the capitals of Ukraine’s partners: if neither side is likely to make substantial progress, the status quo appears stable, demanding little urgent policy attention.

This perception of stalemate, however, is deeply flawed. Both Moscow and Kyiv are in a race to rebuild offensive combat power. In a conflict of this scale, that process will take time. While the first half

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