At this point I don’t understand what he hopes to get out of it and how it could be profitable for him. Everything he might annex is a bombed out wreck and there are no longer the people that ran it. Even the existence of the harbor he wants to be a big naval base again: how could he expect that to ever be safe for the remainder of the fleet?
Even were he to win, he’s starting over with everything. Infrastructure, resources, people. When Ukraine wins, we will (hopefully) help them rebuild, but what is Russia going to do? Take out loans from Bank of China and dig themselves even deeper under a mountain of debt?