"... Can not see Russia holding on to the pressure...."

I respect your opinion, but you may not have a complete picture about Russia. I can assure you, that Russia can go on with destruction of Ukraine for much longer than you think. It is not about how long Russia last, the question is how long the West will support Ukraine. Unlike many leaders in western Europe/North America, Putin does not care about public opinion and does not have to be worry about election...

Regarding inflation: inflation has not yet started. What you have seen was just a mild preview. FED has been flooding US by printed money and the effect will go on for years to come.