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Vladmir Putin

7 Reasons why Putin has made the biggest mistake of his life by invading Ukraine

Russian President Vladimir Putin is now skating on thin ice. Putin assumed his invasion of Ukraine would be an easy affair that would last a few days but to his surprise the citizens of Ukraine have put up a tough struggle and a lot of analysts are of the belief that Vladimir Putin’s dictatorship is about to come to an end. Some even say his demise is both inevitable and looming.

Ukraine’s tremendous desire to fight

Rather than surrendering after their first contact with a Russian soldier, the Ukrainian army and people have fought with incredible effectiveness, bravery, and resolve, turning what was planned to be a large and lovely little war into a grind at best and a Russian defeat at worst. The Ukrainian army has forced the Russian army to a standstill, exacting tremendous costs in terms of life, planes, helicopters, tanks, and armoured personnel carriers, and is currently planning a counter-offensive. The majority of Ukrainians, notably military experts, expect victory.

NATO’s Defence Systems

Putin's fight has also weakened Russia's security severely. NATO has been mobilized and galvanized; US troops and military equipment have been deployed in greater numbers to several NATO states; European cooperation with the US has improved; Finland and Sweden are interested in joining the alliance; and almost all European states — including neutral Switzerland and Sweden — are providing Ukraine with military assistance in some form. The most dramatic move was in previously skeptical Germany, which cancelled North Stream 2, expanded military budget, and agreed to arm Ukraine with anti-tank and anti-aircraft equipment.

Russia’s Bilateral and multilateral trade.

The case for Putin's fate is mostly based on his homicidal campaign on Ukraine. That decision looked to have been a strategic catastrophe, with all of the ill repercussions expected by those who believed no rational leader would take such a risk. President Vladimir Putin's barbaric invasion of Ukraine has practically damaged the country's 40-year quest to develop a flourishing market-based economy, which begun under previous leader Mikhail Gorbachev. Russia began to experience its taste of American goods due to enormous economic and social developments. However, decades of labor to integrate the Russian economy into Europe came to a halt in recent weeks following Russian invasion of ukraine and the US and EU have restricted commerce and tourism with Russia.

Sanctions

The West, horrified by Putin's unprovoked strike, levied extremely strong penalties on Russian elites, banks, companies, airlines, and shipping, as well as shutting down the North Stream 2 pipeline. Hundreds of global corporations have fled the Russian market. The wide Western sanctions are intended at inflicting the maximum misery on the country's economy by isolating it from global markets and freezing its assets all throughout the globe. The sanctions have begun a new chapter in Russia's economic history since they come into effect three weeks ago. According to economists, investors, and diplomats, Vladimir Putin's unjustified war on Ukraine and the global reaction will push Russia's economy back at least 30 years — close to Soviet Union times — and impair its way of living for at least the next five years. Two penalties in particular have caused tremendous harm. The first booted Russia's top banks out of the SWIFT global payments network, making it difficult for them to undertake foreign transactions. The second measure blocked hundreds of billions of euros in Russia's central bank's reserve account. There's not much the Kremlin can do to protect the ruble from plummeting if it doesn't have reserve money to back it up. Already, Russia's increasing economic crisis threatens to wipe away decades of progress earned by normal Russians. The ruble has lost 40 percent of its value vs the dollar in the previous month, effectively rendering the currency worthless outside of Russia. In a desperate bid to retain the ruble's value inside the country, the Kremlin issued a new decree on March 8 barring the exchange of rubles for hard currencies such as the dollar or euro. On several fronts, Russia's financial system and currency are crumbling, compelling the Kremlin to shut down the stock market and artificially prop up the ruble inside its bounds. The Russian economy has been driven into a near-Soviet condition of near-total economic isolation from the rest of the planet. Inflation and unemployment will increase, the GDP will collapse, and living standards will plummet. As a result of the ruble's devaluation, even the oligarchs and superrich have lost billions of dollars in the stock market.

Russia’s image as a country destroyed globally

Russia has become a pariah and a renegade state, and its regime has been dubbed "fascist." Putin has been likened to Adolf Hitler, and Russian citizens feel undesired in many nations. Russia has lost whatever soft power it once had, and rebuilding its image and reputation may take decades. This may sound trivial to average Russians, but it will be substantial to affluent Russian professionals who purchase at high-end boutiques and vacation on the Riviera.

The Citizens of Russia

Proponents of Putin's doom claim that he will not survive because mounting deaths and economic collapse will ultimately bring many Russians onto the streets, causing the country's economic and political elites to conspire against him. Thousands of individuals have been arrested. To be sure, individuals who oppose Putin's war and are prepared to demonstrate make up a tiny fraction of the population. But relative size is significantly less essential than location. Revolutions often occur in capital cities and economic hubs. It’s fantastic when everyone protests, but the demonstrations that truly count are those that influence the economy, banks and, of course, the government. combination of popular resistance, elite manoeuvres, governmental incompetence, decreasing legitimacy, a grinding war, and diplomatic isolation will inevitably result in Putin's doom. Some people fear he is in risk of being assassinated. Others claim that decapitating Putin does not involve physical violence as he is confined in a bunker. It is feasible to do so by removing the "thin thread" that binds him to Russia's executive institutions. Putin may be neutralized simply by isolating himself fully.

Fake loyalty

Putin has, without a doubt, formed an inner coterie that is entirely committed to him. He has put them in positions of authority and, more significantly, given them access to public monies. As a consequence, their place in society and the state is a product of Putin's favor. However, money and power are two-edged swords. They may seem to assure loyalty, and they do, but only as long as the elites grow and appear to be secure. Power and money are weak fidelity links when success and survival appear to be in peril. Elites can abandon ship or attempt to assassinate the captain if they feel obliged. The oligarchs and their cronies will continue to lose billions of dollars as Russia's economy falls and the country is isolated globally.


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