Oh no, he doesn't admit his forces have lost. (And they haven't yet lost, actually.) He wants to stop where they're now, take the territories, announce it as the proud, huge victory in their "special military operation", and go to prepare for the next "operation" in a few years, which would be much more successful (given they'd make the revision of mistakes they made in 2022-...).

russians (not putin himself, it's not his personal war, it's all russians' war - as they ALL support it, even their so-called "liberal" opposion) can take all their forces out of Ukrainian lands, stop geniciding Ukr nation, and just leave Ukraine alone! - and the "conflict" is over. Simple. Why should we care about putin's "political suicide" or how "poor russian" will live after defeat? They are a terrorist, imperialistic state - disarm, de-nuke, and let them boil in their own shit alone.