It’s not as important as it used to be, but it carries immense symbolic meaning. Strategically it’s important because it’s the seat of the government, but this only matters if you can capture it with the government staff still there. If they manage to flee then there’s no real strategic purpose in occupying a capital. It still demoralises the enemy a lot if their capital is captured.
However it’s overall not a prerequisite to win a war to occupy the enemy’s capital city.
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