Asklemmy

Well Ukraine itself is definitely losing. They will probably lose territory to Poland as well if this keeps up and they have sold their country out to capitalists, mostly Americans. Loans, land, industries, etc all to pay for "their" war effort. The common Ukrainian is who suffers the most under this. They will be more exploited (paid less for the value of their labor), see more social programs dismantled, and go into a serious recession/depression that may not lift for decades.

Russia is doing okay. The US is pulling Europe more into its orbit (making them pay more for less from the US while losing a lot of their industry), which is a loss for Russia, but that was the remand endgame of the US anyways. What was surprising, at least to some, was the extent to which Russia could survive and even thrive when subjected to the most significant financial weapons the West has. Overall their economy is certainly in a better place now and a chunk of Ukraine will be theirs and the other chunk will be weak. This is a victory for the ruling class of Russia and its overall geopolitical self-interest.

The US ruling class is making out like bandits as usual, funding its weapons industry, basically a cash injection for the owner class and the only thing the US ever reliably does (threaten its chosen enemies with destruction).