Both Ukraine and Russia have reasonable friendship with China, China benefits more from a stable relationship between Ukraine and Russia. Who is losing in this?

Both Ukraine and Russia have reasonable friendship with China, China benefits more from a stable relationship between Ukraine and Russia. Who is losing in this? Ukraine, and Russia. Don't forget Europe, it needs to spend more money in military and higher price in energy. Who is winning? The only U.S. and A. The US has been pushing Europe to expand their military spending, and Europe is depending on US even more, meaning a lot more weapon sales in coming years; Russia's power is declining; US will benefit as an energy exporter as well. For China it is all bad news, except the SWIFT sanction on Russia will show to other players, and the future trade currency could be more diverse, China can lower the risk of being sanctioned by the US.