Editorial: How to deal with a wounded Putin

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Bloomberg Opinion

Russian President Vladimir Putin has faced down the biggest threat his regime has confronted in more than two decades in power. For now. As details emerge about the mutiny led by Yevgeny Prigozhin — the ex-con who founded the PMC Wagner paramilitary group, which has been fighting in Ukraine — it’s clear Putin narrowly avoided disaster.

Prigozhin reportedly intended to kidnap two top Russian officials — Defense Minister Sergei Shoigu and General Valery Gerasimov, the chief of Russia’s general staff — when the two visited a Russian region neighboring Ukraine. After details leaked to Russia’s Federal Security Service, Prigozhin marched toward Moscow instead.

Two elements of the failed plot stand out.

First, Prigozhin, a brutal warlord with longstanding ties to Putin, seized a strategically important Russian city, shot down Russian aircraft, took over several key military installations and marched his troops to within hours of the Kremlin, all without meeting significant resistance. The sheer boldness of his original plot suggests Prigozhin expected many rank-and-file Russian troops to join in the uprising.

Perhaps more surprising: Putin, a merciless strongman who has routinely crushed perceived threats in the past, seems to have allowed the mutineers to walk. Although the details are still murky, Belarusian dictator Alexander Lukashenko, a close Putin ally, brokered a deal under which the rebellious forces withdrew. Prigozhin got safe passage to Belarus, and Wagner troops would face no legal consequences.

Although any kidnapping attempt failed, Putin has emerged from this fiasco as a much-weakened leader. Not only did he appear dazed and vulnerable, he has now been forced into a widespread shakeup of the armed forces, wary of further disloyalty. Prigozhin’s denunciation of the war effort — which he said was based on false pretenses and riddled by corruption — is likely to undermine public support. As Russia’s military and its economy continue to suffer steep losses, the potential for more instability will only rise.

NATO has rightly stayed above the fray. Any attempt to influence Russia’s internal politics at such a time is likely to be ineffectual or counterproductive. Two more modest steps would help, however.

One is to reiterate through all channels the importance of controlling nuclear devices and following established safety protocols.

Next, the West should continue its support for Ukraine unabated. Any withdrawal of the battle-hardened Wagner troops from the fight (Russia is insisting they be contracted directly with the defense ministry) will likely help Ukraine’s forces, which are undertaking a grueling counteroffensive. It’d be foolish to hold back much-needed military assistance now when it could be most effective on the battlefield and ultimately hasten the end of the war. The West’s job is simply to stay the course.

Putin’s reign — long abetted by a grotesque cast of gangsters, mercenaries and war criminals — was never likely to end well for him. The question is how much damage he can do in the meantime.