Large territorial gains were made by Axis forces, but their campaign had failed to achieve its main objectives: two key cities remained in Soviet hands, the Soviet capability to resist was not broken, and the Soviet Union retained a considerable part of its military potential.
Pencaplokan teritorial besar dilakukan oleh pasukan Poros, tetapi kampanye mereka gagal mencapai tujuan utamanya: dua kota utama masih dikuasai Soviet, kemampuan memberontak Soviet gagal dipadamkan, dan Uni Soviet mempertahankan banyak sekali potensi militernya.