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Time and inflation might be zero, and the reason it might be zero is because you are comparing these high prices to the high prices of a year ago. but that doesn't mean that extra money, that money people are spending on energy, hasn't been a permanent hit to their living standards. we have seen the biggest squeeze on living standards in 70 years, and even if inflation is zero in a few months' time, it won't feel like that, and a lot will depend on what happens in the russia situation. i can't myself see vladimir putin saying, "it was a fair fight, we came off second best, we are off home and ...

Bill. i mean, i cannot think of what the face saving formula is that for putin to put out that would be consistent with the imperative of ukraine not just winning this war but demonstrating forever that russia should not do this again, that the cost to russia is so high that this is no longer conceivable because that would be the end of putin. and we'd all like to see the end of putin, but that would be the end of putin. i'm very pessimistic there's any realistic off ramp at the moment. >> and u.s. officials are not seeing one either that putin would that i can, also that zelenskyy would take....

Getting robbed. he takes out his wallet, they ask for his credit card number and donate $500 to him right there on the spot. that's what the country's become. it's incredible. it's lovely. kyiv is beautiful, full of love and energy, so i don't think we're losing this war. >> that's an amazing story. what does victory look like right now? i know there's still heavy fighting in the east. do ukrainians feel like they need to maintain all of that territory? >> well, look, there are two victories. first of all, in terms of territory, the mood on the ground has shifted. back in february and march, i...

I want to assure you that in 2022, we will have the same result since 2014. what is that diplomatic solution? we have three positions. first, it should be the cease-fire. together with the cease-fire, it should be second with the russian troops, and third -- releasing hostages and humanitarian corridor. the territory of ukraine cannot be subject of compromise. this is ukrainian soil. our ukrainian soldiers gave their lives. >> i understand the point you are making. it's a principle position. russia should not be allowed to take territory from ukraine. it is an illegal invasion and occupation, ...

Cease-fire. together with the cease-fire, it should be second withdraw of the russian troops. and third, it would be the question of whether the forces should be in the humanitarian corridor. the ukrainian territory, and territorial territory of their be, subject to compromise. this is the ukrainian soil and ukrainian identical jurors argument in their. life >> i understand the point that you are making. and it's a principal position. russia shouldn't be allowed to take territory from ukraine. it is an illegal invasion and occupation. we agree on. that but, realistically, surely, you are the f...