Russia’s economy is spiraling towards collapse under the weight of severe international sanctions and the ongoing war in Ukraine. With the Moscow Exchange in turmoil and the ruble plummeting, the future looks increasingly bleak for the Kremlin. Can Russia survive this economic catastrophe, or is it facing an irreversible decline?
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Putin’s February 2024 interview with Tucker Carlson sheds light on his mindset. During the interview, Putin emphasised his goal of “denazification“ of Ukraine, portraying himself as a liberator rather than an aggressor. He stated, “We haven’t achieved our aims yet because one of them is denazification.” This statement attempts to frame the invasion in a noble light, suggesting a fight against extremism. However, when Carlson pressed him about whether he would be satisfied with just the territories currently under Russian control, Putin deflected, returning to his denazification narrative. This evasion suggests a broader ambition beyond Ukraine.
Historical attempts to control Ukraine further illustrate Putin’s motivations. The 2004 Ukrainian presidential election is a prime example. Putin backed then-Prime Minister Viktor Yanukovych, aiming to install a pro-Russian leader. Despite substantial financial and political support from Russia, allegations of voter fraud marred the election. The official results, placing Yanukovych slightly ahead, led to massive protests, known as the Orange Revolution. These protests resulted in the Ukrainian Supreme Court annulling the election results, and a subsequent fairer election saw the pro-Western candidate, Viktor Yushchenko, winning.
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