Ukraine War: Will Putin Survive a Loss—or Even a Draw?

by Chief Editor

The Looming Question: How Will Ukraine’s Outcome Define Putin’s Future – and Russia’s?

The war in Ukraine isn’t just a geopolitical crisis; it’s a crucible forging the future of Vladimir Putin and, by extension, Russia itself. While the conflict’s immediate trajectory remains uncertain, the eventual outcome – whether a frozen conflict, a negotiated settlement, or a decisive Ukrainian victory – will fundamentally reshape the power dynamics within Russia and its standing on the world stage.

The Two Possible Paths: Victory or Fallout?

Currently, a swift, decisive victory for either side appears unlikely. Experts increasingly suggest a gradual evolution towards an armistice, a situation where realities on the ground dictate terms, constrained by the limitations of manpower and political will in Kyiv, Moscow, and Western capitals. This raises two primary scenarios.

Scenario 1: The “Not Losing” Narrative. If Moscow can consolidate control over the Donbas region and present a narrative of having “protected” Russian speakers, Putin could spin the outcome as a success. This wouldn’t be a restoration of former glory, but a claim of having checked NATO expansion and secured key territorial objectives. This narrative, relentlessly amplified through state-controlled media, could allow Putin to maintain power, albeit presiding over a poorer, more militarized Russia. Think of post-Soviet Russia’s narrative around Chechnya – a costly conflict framed as a necessary defense of territorial integrity.

Scenario 2: The Cracks Begin to Show. A clearer battlefield setback, however, would expose the war as a miscalculation. This would inevitably reopen elite rivalries within the Kremlin. The question of succession, long suppressed, would resurface with force. A weakened Putin would face increasing pressure from factions vying for power, potentially leading to instability. This echoes the internal struggles that followed the Soviet Union’s disastrous war in Afghanistan, ultimately contributing to the system’s collapse.

The Economic Realities Shaping Russia’s Future

Regardless of the outcome, Russia faces significant economic headwinds. Sanctions, while not crippling, are taking a toll. The war has accelerated Russia’s technological dependence on China, creating a new form of economic vulnerability. Recent data from the Russian Federal State Statistics Service (Rosstat) shows a decline in real disposable incomes, despite government efforts to mitigate the impact of sanctions. Furthermore, the outflow of skilled workers and the demographic challenges facing Russia – a declining birth rate and an aging population – pose long-term threats to economic growth.

Pro Tip: Keep an eye on Russia’s trade balance with China. A significant increase in dependence on Chinese imports could signal a weakening of Russia’s economic sovereignty.

Internal Pressure: Veterans, Oligarchs, and the Security Apparatus

The return of veterans from Ukraine presents a potential flashpoint. These soldiers will likely demand tangible benefits – healthcare, housing, and economic opportunities – placing a further strain on the state budget. Simultaneously, the oligarchs, while seemingly loyal to Putin, are pragmatic actors. A prolonged economic downturn could erode their support. The security apparatus, traditionally a pillar of Putin’s power, could also become fractured if the war’s outcome is perceived as a failure.

The dynamic between these groups is crucial. A successful outcome allows Putin to distribute rewards and maintain control. A defeat, however, could trigger a scramble for power, with each faction seeking to protect its interests.

What Does This Mean for the West?

Western policymakers must understand that even a limited Russian “victory” doesn’t equate to stability. A Russia emboldened by perceived success could escalate its hybrid warfare tactics – disinformation campaigns, cyberattacks, and political interference – in the years to come. A defeated Russia, while potentially less aggressive in the short term, could be consumed by internal turmoil, creating new security risks.

Did you know? The RAND Corporation has published extensive research on Russia’s hybrid warfare capabilities, outlining the tactics and strategies employed by Moscow to destabilize its adversaries.

The Nuclear Question: A Constant Undercurrent

The specter of nuclear escalation remains a concern. While Putin has repeatedly alluded to Russia’s nuclear arsenal, the likelihood of its use remains low. However, a desperate Putin, facing imminent collapse, might be tempted to escalate to deter intervention or to divert attention from domestic problems. Maintaining clear communication channels with Moscow and reinforcing deterrence are essential to prevent such a scenario.

FAQ: The Future of Russia and Putin

  • Could Putin be overthrown in a coup? While unlikely in the short term, a significant military defeat could create the conditions for a coup attempt.
  • What role will China play? China will likely continue to provide economic and political support to Russia, but it will also seek to protect its own interests.
  • Is a return to a Cold War scenario inevitable? Not necessarily, but relations between Russia and the West are likely to remain strained for the foreseeable future.
  • What is the most likely outcome of the war? A negotiated settlement resulting in a frozen conflict, with Russia controlling parts of eastern Ukraine, is currently the most plausible scenario.

Looking Ahead: A New Chapter for Russia

The war in Ukraine has irrevocably altered Russia’s trajectory. Whether it ends in a negotiated settlement or a decisive Ukrainian victory, Putin’s grip on power will be diminished. The conflict has exposed the weaknesses of the Russian military, the fragility of its economy, and the deep divisions within its political system. The coming years will be a period of uncertainty and transition for Russia, with profound implications for the global order.

Want to learn more? Explore our other articles on geopolitical risk and international security here.

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