Well, you’re going to get different responses, many of which are good points, and depending on the person you asked.
But imo, it is hard to tell. And the best response we can say is: we don’t know. Ukraine retook many territories but so has Russia. Both sides suffered many casualties. The problem with analysing the war is the white noise coming from emotional responses on the events of the war happening at the time.
When Ukraine was invaded, everyone thought they will capitulate. They didn’t. Kyiv then retook Kharkiv Oblast, everyone thought Russia will surrender. The Ukrainian counteroffensive was hyped, but disappointed many. Prigozhin tried to coup Putin and thought it is the end of Putin, but they’re still here.
So, the best response to your question is, we don’t know. And that’s the most certain answer you could get and that is not a bad thing. For those who tend to forget, we still have the fog of war shrouding our vision. We don’t know what will happen in many months to come. Hindsight only tends to be 20/20 after an event.
However, I think the two major considerations for this year is 1. Ukraine had been effective in interdicting Russian logistical lines and sent the Russian Black Sea fleet reeling away from Crimea. Those are Ukrainian strategic gains that are often forgotten and not seen by the mainstream as important, who see ground combat as more important. 2. Though on the other side, the Russian support for Putin is still strong and either they support the war or ambivalent. In this case, Putin won the hearts and minds of Russians to either support or turn a blind eye to the conflict. Propaganda war is as important as military one to convince enough of the public to support it.