Two clear losers, Ukraine and the EU, have emerged from the Russo-Ukrainian war. Europe has lost its status and prospects as a world power. Ukraine has lost control of more territory than before the war began. Worse still, it may lose the structural framework of the entire country. One clear winner is Russia. As long as it holds its bottom line—the intact borders formed by the Donetsk and Luhansk regions—Russia is effectively invincible. All the losses the war has caused Russia can be compensated for by Ukraine, and perhaps even more. The United States is currently the biggest winner. It has already reaped at least three tangible rewards. This includes weakening Europe, weakening Russia, and building a fortified trench in Ukraine to prevent Europe and Russia from drawing closer to each other for at least the next 50 years. The United States is also the most powerful force capable of deciding when and where to establish a final ceasefire line. China has also gained much so far. However, if the United States intends to drag China into a large-scale war, not only will both China and the United States face enormous risks, but many other countries will also be caught in the crossfire.