Ukraine Spy Chief: Putin Can Fight Two Years
Ukraine Spy Chief: Putin Can Fight Two Years

The News
Ukraine's top spy says Vladimir Putin has, at most, two more years of war in him.
Lt. Gen. Oleh Ivashchenko, the head of Ukraine's foreign intelligence service, said this week that Russia's troop losses, falling morale and struggling economy will exhaust its ability to wage war by 2028.
"Russia has military and economic resources for the next year, but we estimate it will end in 2028," Ivashchenko told The Times, speaking at the Ukrainian military intelligence headquarters in Kyiv.
The claim landed the same week British military intelligence assessed that half a million Russian soldiers have been killed in the full-scale war, according to Sky News.
The Numbers
Ivashchenko said Russia recruits roughly 1,000 men a day, sometimes 1,200, but is losing them faster than it signs them up. "Yesterday it was 1,410, the day before it was 1,511," he said of casualties. "Of those, around 60 per cent are killed in action."
Western intelligence services are reported to assess that Russia is losing 6,000 more soldiers each month than it can recruit. Ukrainian estimates put total Russian losses since 2022 above 1.5 million troops, including as many as 450,000 dead. Figures cited in the reporting project that another 18 months of fighting would cost Russia a further 765,800 casualties — 459,480 dead and 306,320 wounded.
Timeline
Russia launches its full-scale invasion of Ukraine. Ukrainian estimates now put Russian losses since then at more than 1.5 million troops.
Ivashchenko tells The Times at Ukrainian military intelligence headquarters in Kyiv that Russia has resources for about another year and that the war effort ends in 2028. In a separate interview he says Russia is considerably weaker economically than it was when the full-scale war began four years ago.
Reports say Ukrainian long-range strikes hit an oil refinery in Rostov-on-Don and three Russian air defense assets, part of Kyiv's campaign against refineries, oil depots, factories and tankers.
British military intelligence says half a million Russian soldiers have been killed in the war, Sky News reports. The Independent reports an assessment that Russia's war supplies may last only another 16 months.
Reactions
Ivashchenko was blunt about the mood inside Russia. "Morale is very low because nobody wants to fight," he said. "Also the morale of the Russian population is very low: most people do not really want war."
He called Putin "subnormal" for pressing the war under those conditions. "Draw your own conclusions about a person who wants to kill other people to seize their territory," he said.
British officials used the casualty assessment to needle the Kremlin, with UK intelligence publicizing Russian losses running into the hundreds of thousands killed and, by Ukrainian count, 1.5 million casualties overall.
What's Next
The test of Ivashchenko's forecast is arithmetic: whether Russian recruitment keeps falling behind battlefield losses through 2027 and into 2028.
Kyiv is betting it can speed that up with deep strikes on Russian refineries, oil depots and factories — the economic side of the equation Ivashchenko says is already weakening.
Neither Moscow's response to the intelligence assessments nor an independent confirmation of the casualty figures was available in the reporting.
More
Casualty counts in this war come from interested parties and should be read that way. Ukraine's numbers are produced by Kyiv, the killed-in-action figure comes from British military intelligence, and Russia does not publish credible loss data. What the sources agree on is direction, not precision: Russia is absorbing losses at a rate its recruiting cannot match.
Poll
Will Russia still be fighting in Ukraine in 2028?
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