The press is filled with derision over Putin's announcement, most of it rightly so. The bogus referenda will be a farce with low turnout and mythical results. Support for Russia abroad, always thin, is evaporating. His army has deep morale problems, many potential conscripts are dodging, and the volunteers severely lacking.
Moreover, the Russian economy, even with only a 1/3rd of the sanctions being effective, is still headed into deeper waters and a downturn. And Russian war production is lagging behind their losses, even if their inventory of older Soviet tank models and weapons, and some kinds of munitions, remains plentiful.
And what the press should also have noted is that we have seen this scenario before. Russia mobilized in 1914, leaving a shortage of workers for factories and farms. That led to food shortages and major output declines. Prices rose in hyper inflation, and famine became common. Workers had to work 12 to 14 hour days with falling real wages. By 1915 there was a domestic crisis, the Czar having to focus full time on running the war and leaving the running of the government in the hands of his wife. Two years later came a revolution, and the following year the end of the war for Russia.
Yet, I am far from confident and therein is a lesson; if a once popular monarch Czar can survive three years after starting a disastrous war before being deposed, then this isn't exactly good news for Ukraine. Russia is far from starving, inflation is 6 to 8 percent higher but still not prohibitive, and partial mobilization has just begun. Putin's popularity may be taking some hits, but social conditions are far from being a disaster.
Ukraine cannot last three years.
Putin, for all his careful and almost pained decision making, is taking the initiative and escalating again, likely without any prior warning from the west that it will respond in kind. Indeed, by taking the half measure of calling up the reserves he is calculating that not only will this save his invasion, it will fend off the US provision of more game changers such as ATACMS (as well as western planes, paid mercenaries, and tanks).
Putin is counting on angry but reluctant west will once more agonize for weeks or months, during which time the rusty Russian reserves (prior conscripts) will pour into Ukraine and at least halt Ukraine's successes, perhaps save Kherson, and turn the front lines back into a slowly creeping killing zone. Then will come the winter freeze and new options for a 3 or 4 hundred thousand man Russian army in Ukraine will appear.
Therein is a second lesson, one that I have preached from the beginning of this war. He who escalates first and escalates the most, likely wins; he who waits to react likely does not.
So nothing has changed.. Bottom line remains: Russians outnumber Ukrainians. Russians have more weapons than Ukrainians. Russians have the freedom of action to kill every last Ukrainian man, woman, and child in Ukraine through massed bombing and missile attacks, at will. Ukraine is not allowed to touch Russian cities, civilians, or military forces in Russia with western weapons.
There is only one method I know of that will defeat the new hordes of Russians coming into Ukraine. Cut logistics, cut deep, and cut relentlessly. Let no munitions dump, convoy, rail head, or convoy go untouched, and that likely includes those just across the border.
Do that an Ukraine wins. Don't do that and Ukraine likely loses.
We shall see.