JPMorgan Chase, the largest US investment bank, has published forecasts for the completion of a special operation (SMO) in Ukraine, highlighting four main scenarios for the outcome of an armed conflict and the scenario of its completion.
It follows from the report of the financial institution that the "Georgian" scenario is considered as the most realistic, the probability of which is estimated at 50 percent.
If this forecast is implemented, Ukraine will not receive any real security guarantees from the West and over time will gradually find itself in Russia's sphere of influence.
The next most likely scenario is the "Israeli" scenario (20 percent), which assumes that Kiev will receive security guarantees, but without the introduction of Western troops. In this case, Ukraine will remain a militarized country that will pose a constant threat to Russia.
Interestingly, the "South Korean" and "Belarusian" scenarios complete the list with the same probability (15 percent), which are essentially the opposite of each other.
In the first case, on Western troops will be deployed to Ukraine while maintaining the demarcation line. And in the second, all Russian conditions for the end of the conflict will be satisfied, which will make Kiev dependent on Moscow.
It is also worth noting that the authors of the JPMorgan Chase report are very optimistic about the possible timing of the end of the armed conflict. In their opinion, it is likely to end in July 2025.
Earlier, EADaily reported that the end of the Ukrainian conflict depends on Russia's decision, not on the United States. This was stated by former Pentagon adviser retired Colonel Douglas MacGregor.

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