Berliner Boersenzeitung - Putin, the leader dreaming of Russian grandeur at any cost

EUR -
AED 3.826681
AFN 70.327616
ALL 98.192804
AMD 406.067937
ANG 1.879076
AOA 951.190259
ARS 1045.840133
AUD 1.601828
AWG 1.877897
AZN 1.775245
BAM 1.957546
BBD 2.105077
BDT 124.589901
BGN 1.956284
BHD 0.392592
BIF 3016.094951
BMD 1.041829
BND 1.405287
BOB 7.204528
BRL 6.043693
BSD 1.04263
BTN 88.005286
BWP 14.243906
BYN 3.412124
BYR 20419.848375
BZD 2.101624
CAD 1.456946
CDF 2991.091432
CHF 0.930994
CLF 0.037254
CLP 1027.952249
CNY 7.54601
CNH 7.562783
COP 4605.144632
CRC 531.073558
CUC 1.041829
CUP 27.608468
CVE 110.75048
CZK 25.343745
DJF 185.15426
DKK 7.457312
DOP 62.978972
DZD 139.891631
EGP 51.726992
ERN 15.627435
ETB 128.155793
FJD 2.371151
FKP 0.822333
GBP 0.831468
GEL 2.855018
GGP 0.822333
GHS 16.464915
GIP 0.822333
GMD 73.970229
GNF 8992.026458
GTQ 8.048177
GYD 218.127645
HKD 8.110066
HNL 26.28575
HRK 7.431636
HTG 136.86204
HUF 411.533277
IDR 16610.452733
ILS 3.856892
IMP 0.822333
INR 87.968134
IQD 1365.316903
IRR 43834.955489
ISK 145.523076
JEP 0.822333
JMD 166.09811
JOD 0.738765
JPY 161.249124
KES 134.920816
KGS 90.122166
KHR 4220.449639
KMF 492.268155
KPW 937.645704
KRW 1463.259646
KWD 0.320727
KYD 0.868887
KZT 520.591707
LAK 22878.565176
LBP 93347.878651
LKR 303.450587
LRD 187.529583
LSL 18.888757
LTL 3.076251
LVL 0.630192
LYD 5.089375
MAD 10.49591
MDL 19.017231
MGA 4865.341785
MKD 61.54739
MMK 3383.819949
MNT 3540.134882
MOP 8.359474
MRU 41.574227
MUR 48.810083
MVR 16.10707
MWK 1807.573672
MXN 21.282904
MYR 4.654932
MZN 66.583684
NAD 18.888753
NGN 1767.675143
NIO 38.287608
NOK 11.53576
NPR 140.808938
NZD 1.785942
OMR 0.401107
PAB 1.042655
PEN 3.952739
PGK 4.194144
PHP 61.404399
PKR 289.423952
PLN 4.338074
PYG 8139.257775
QAR 3.792783
RON 4.976404
RSD 117.038068
RUB 108.671879
RWF 1427.305728
SAR 3.911717
SBD 8.734231
SCR 14.879628
SDG 626.663972
SEK 11.497837
SGD 1.402827
SHP 0.822333
SLE 23.68116
SLL 21846.638123
SOS 595.409088
SRD 36.978718
STD 21563.75683
SVC 9.123047
SYP 2617.626467
SZL 18.888745
THB 35.91223
TJS 11.103861
TMT 3.646401
TND 3.313541
TOP 2.440072
TRY 35.999051
TTD 7.081314
TWD 33.946439
TZS 2771.265486
UAH 43.133048
UGX 3852.435216
USD 1.041829
UYU 44.339112
UZS 13366.666402
VES 48.506662
VND 26482.251319
VUV 123.688032
WST 2.90836
XAF 656.558208
XAG 0.033274
XAU 0.000384
XCD 2.815595
XDR 0.793126
XOF 650.625955
XPF 119.331742
YER 260.379151
ZAR 18.853084
ZMK 9377.71492
ZMW 28.802098
ZWL 335.468513
  • RBGPF

    59.2400

    59.24

    +100%

  • SCS

    0.2300

    13.27

    +1.73%

  • RIO

    -0.2200

    62.35

    -0.35%

  • AZN

    1.3700

    65.63

    +2.09%

  • NGG

    1.0296

    63.11

    +1.63%

  • GSK

    0.2600

    33.96

    +0.77%

  • CMSC

    0.0320

    24.672

    +0.13%

  • BTI

    0.4000

    37.38

    +1.07%

  • BP

    0.2000

    29.72

    +0.67%

  • RELX

    0.9900

    46.75

    +2.12%

  • CMSD

    0.0150

    24.46

    +0.06%

  • BCE

    0.0900

    26.77

    +0.34%

  • BCC

    3.4200

    143.78

    +2.38%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • VOD

    0.1323

    8.73

    +1.52%

  • JRI

    -0.0200

    13.21

    -0.15%

Putin, the leader dreaming of Russian grandeur at any cost
Putin, the leader dreaming of Russian grandeur at any cost / Photo: Alexander NEMENOV - AFP/File

Putin, the leader dreaming of Russian grandeur at any cost

Restoring Russia to its rightful place among the world's great powers has obsessed President Vladimir Putin, whose offensive in Ukraine was to be the culmination of over 20 years of iron-willed leadership.

Text size:

But Putin, who turns 70 on Friday, has seen his army depleted by seven months of gruelling military action and his country diplomatically isolated.

The Russian leader has even brandished veiled threats of using nuclear weapons, dialling up geopolitical tensions over his campaign in Ukraine.

It is a far cry from the turn of the millennium, when a fresh-faced 47-year-old Putin replaced the ailing Boris Yeltsin in the Kremlin promising friendship and cooperation with the West.

US president George W. Bush hailed him as a "remarkable leader", while Germany's Gerhard Schroeder and Italy's Silvio Berlusconi were among his friends, even as he clamped down on Russian media and waged war in Chechnya.

But things have changed. Joe Biden -- the fifth US president of the Putin era -- looked into his soul and instead saw a "killer", even before the military intervention in Ukraine and the ensuing avalanche of unprecedented sanctions.

On the other hand, his popularity at home seems untouchable, with Russians grateful for their relative prosperity and Moscow's return to the world's top table after the economic and political chaos that followed the collapse of the Soviet Union.

To foes, however, Putin has dragged his homeland further from democracy, presided over a seizure of the state by a new elite of former secret police cronies and stoked nationalism in a bid to restore Moscow's lost empire.

- 'Shadow army' -

This alleged cronyism is embodied by the Rotenberg brothers and Yevgeny Prigozhin, the founder of the Wagner paramilitary group that acts as Russia's "shadow army" in conflict zones across the world.

A referendum on constitutional change held at the height of the Covid-19 pandemic in 2020 allowed him to stay in power until 2036, while the opposition has been decimated, with leading critic Alexei Navalny in jail after being poisoned.

For Putin and many of his generation, the demise of the USSR and its sphere of influence remains a painful wound. The rancour was especially bitter for Putin, a former KGB agent in East Germany.

The upheaval in post-Soviet Russia unleashed hardship that contrasted with Western triumphalism. Years later, Putin said he was forced to work as a taxi driver to make ends meet.

He famously in 2005 described the Soviet collapse as the "greatest geopolitical catastrophe" of the 20th century and made little attempt to back away from this claim, repeatedly emphasising the "historic mission" of Russians.

That narrative bred resentment against the perceived encroachment of NATO and the European Union in Moscow's backyard.

Convinced that the West sought to subordinate Russia, Putin made Ukraine his red line.

When crowds in Kyiv ousted Russia-backed leader Viktor Yanukovych in February 2014, the Kremlin faced losing its dominance over a key neighbour.

Within days, Putin ordered special forces to seize the strategic Crimea peninsula and -- after a hasty, internationally rejected referendum -- signed off on the region's annexation.

- Genocide and nationalism -

The redrawing of Russia's border sparked the worst standoff with the West since the Cold War and unleashed a wave of nationalism at home that saw Putin's popularity soar.

Then, using claims of a "genocide" perpetrated by the Ukrainian government against the Russian-speaking population of eastern Ukraine, he sent Russian tanks into his pro-Western neighbour on February 24, 2022, a first in Europe since World War II.

In 2015, Putin summed up his philosophy as: "If fighting is inevitable, you must strike first."

"In his mind... if this war in Ukraine or for Ukraine is lost, then the Russian state will soon no longer exist," said Tatiana Stanovaya, founder of the R.Politik analysis firm.

The military operation was to have been a resounding success -- after 22 years of Putin at its helm, Russia's army has been modernised under a seasoned command fresh from experience in Syria.

But plagued by corruption and taken aback by the Ukrainians' determination, Moscow was forced to give up on Kyiv by spring.

Taking the east and the south proved costly in troops and ammunition.

Autumn saw a series of military setbacks. On September 21, Putin announced a mobilisation drive recruiting hundreds of thousands of reservists.

Slapped with Western sanctions, Russia is cut off from international finance and advanced technology.

And its diplomatic isolation was made blatantly clear when Putin was not invited to attend the state funeral of Queen Elizabeth II.

- Russians fleeing -

And tens of thousands of Russians, likely hundreds of thousands, are fleeing mobilisation and repression.

In the West, some evoke the "drifting away" of this president, who spent two years largely cut off from the world to protect himself from Covid-19.

Just days before the launch of the Ukraine offensive, French President Emmanuel Macron worried of a Putin "more unbending, more isolated."

He was no longer the person who went horseback riding bare-chested or explored the Baikal Lake in a sort of submarine, but someone who sits metres from his guests on the opposite ends of a giant table.

On television, he has appeared fierce against a West in a moral decline, rotting from its liberal ideas and the LGBT movement. At the end of September, he saw the coming of "satanism".

"Macron or (German Chancellor Olaf) Scholz need to choose their words, but not Vladimir Vladimirovich. He says what he thinks, does what he wants," said Russian political analyst Konstantin Kalachev. "He has complete freedom, nothing is holding him back."

With this same conviction, he repeats that Ukraine is not a nation, that its independence is a bad turn of history.

Following this logic, on September 30 he announced the annexation of four more Ukrainian regions, even as his army was suffering setbacks there.

"Victory will be ours," he shouted to a crowd gathered on Red Square in Moscow.

Stanovaya, the political analyst, said: "He truly believes that he is the one to reunify Russian lands. And from my point of view, this could end badly."

As Putin himself has said, "this is not a bluff."

(Y.Yildiz--BBZ)