Putin likely feels fairly positive despite setbacks in Syria and heavy casualties in Ukraine. He focuses on maintaining military momentum in the Donbass and Kursk regions, viewing disruptions in the West, like a potential Trump presidency, as opportunities rather than threats.
The Kursk incursion marked the first time foreign troops occupied Russian territory since WWII. While it was a significant moment, Putin's decision to downplay its importance and not divert troops from the Donbass front helped maintain military momentum.
The Russian economy faces stagflation with high inflation and stagnant productivity, largely due to 40% of government spending being devoted to defense and security. The ruble's weakness and overstretched labor market are additional concerns, though the military remains largely unaffected by these issues.
Putin likely prefers Trump due to his unpredictability and potential to disrupt the Western alliance. A Trump presidency could lead to favorable peace talks on Ukraine or create internal disruptions within the West, which Putin views as almost as beneficial as direct agreements.
Putin's response was to downplay the event, avoid diverting troops from the Donbass front, and focus on maintaining military momentum. This strategy allowed him to avoid a significant disruption to his war efforts despite the symbolic and territorial impact of the incursion.
What has 2024 meant for Vladimir Putin? Russian expert Mark Galeotti joins us to assess Putin's year.
The World in 10 is the Times' daily podcast dedicated to global security. Expert analysis of war, diplomatic relations and cyber security from The Times' foreign correspondents and military specialists.
Watch more: www.youtube.com/@ListenToTimesRadio
Read more: www.thetimes.com) Hosted on Acast. See acast.com/privacy) for more information.