The continued fighting at Bakhmut will break the back of the Ukrainian armed forces, both militarily and politically.
After which their troop morale will be shattered, there will be little Ukraianian resistance and will to fight, their leadership will be criticised and the Western sponsors will back away.

AC,

The Allies have been depleting their stocks for a year now, but what is clear is that the US and Allied present stockpiles are sufficient to continue supplying Ukraine at the present rate well into 2024. The US has just awarded contracts to private firms to bolster the production of 155mm shells to 90 000 pm in the next few months and to 200 000 pm by 2024. Ukraine is not going to run out of ammo any time soon.

The Ukraine army is in better shape than the Russian army which has been suffering massive losses. Bahkmut has little to no strategic value and is now depopulated and a mass of broken buildings. The value to the Ukrainians was that it forced the Russians to attack heavily fortified Ukrainian positions across open fields and allowed the Ukrainians to massacre Russians with comparatively low casualties on their side.

Whereas the Russians have lost 1000s of soldiers and many tanks, armoured vehicles and artillery in futile attacks in the south. Their spring offensive gained them very little territory at a huge cost to the army's strength.

Russia's finances for February look even worse than January as the 2nd stage ban on refined products comes into effect.

Russia is getting its arse kicked and is losing the war.