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Commentary: What moves does Putin have left in Ukraine?

Deluded by a belief he would win quickly and cleanly, Putin now finds himself in a military and political quagmire. An observer weighs the pros and cons of his potential next steps.


Commentary: What moves does Putin have left in Ukraine?

Russian President Vladimir Putin has claimed that the end of the Soviet Union was the "greatest geopolitical catastrophe of the 20th century". (Photo: Sputnik/AFP/Alexey NIKOLSKY)

CANBERRA: Vladimir Putin’s second invasion of Ukraine has not gone to plan. He has overestimated the capability of his own armed forces, while underestimating the strength of Ukrainian resistance and the unity of the Western response.

After failing to take Kyiv with a lightning raid that would have forced Ukraine to sue for peace, his army is getting bogged down. 

And while he retains the upper hand in terms of qualitative military superiority, he faces the prospect of a long insurgency against a Ukrainian population and military that have proven more than keen to fight.

An extensive sanctions regime threatens to rapidly empty his US$620 billion sovereign wealth fund war chest, squeezes the ability of his inner circle – not to mention Putin himself – to access their vast fortunes and degrades the Russian aerospace and resource extraction industries via export controls.

Rather than splintering NATO and the European Union, Putin has given both organisations a new sense of focus that can come with the recognition of a clear existential danger rather than just an irritant to be managed. 

With Finland and Sweden actively considering joining Western alliance structures, Putin may even have inadvertently succeeded in bringing about further NATO enlargement. 

Deluded by a belief he would win quickly and cleanly against an enemy with no stomach for a fight, and with minimal consequences from a fragmented West, he has also clearly not considered what he would do if things went wrong. That’s one of the most basic errors of strategic planning.

So what are Putin’s options now? Here are some alternatives, with pros and cons listed for each one. Obviously, there are others: Readers might want to suggest some of their own.


This would entail reverting back to the guiding principle of Russian offensive military doctrine: Trap enemy forces, treat cities as hostages and use indiscriminate bombardment to pulverise resistance.

Pros: Wins the conflict swiftly, gets the charismatic Ukrainian President Volodymyr Zelenskyy out of the picture and achieves Putin’s nationalistic vision of a unified “Russian” people.

Cons: Will result in massive civilian loss of life, guarantees a spirited Ukrainian insurgency, boosts international outrage that would turn Russia into a pariah, will send its economy beyond the nadir of the mid-1990s and raises the real prospect of a threat to Putin’s power from within.

Likelihood: Possible. Putin’s appetite for risk has always been high and he has no qualms about committing horrific abuses. But he will be acutely concerned about his political fortunes. That may make him pause, but probably only after he tests it out.


Russia can sue for peace, then declare a great victory.

Pros: Temporarily gets Putin out of a mess that he alone created. It might come with some sweeteners: For example, an enlarged and independent Donetsk and Luhansk, a semi-neutral Ukraine and relaxation of the toughest sanctions.

Cons: Will badly damage Putin domestically and internationally. Nobody at home will buy a “victory” narrative from such an outcome after the scope of his invasion and Western leaders will know that he is vulnerable to united push-back.

Likelihood: Unlikely in the short term but might ultimately be necessary. It depends on how “rational” Putin is (and that’s a subject you could fill books about).


Russia can conduct a demonstration of power and resolve, such as detonating a nuclear weapon in the North Sea or arranging a “provocation” against NATO forces and ramp up the Ukraine invasion effort with massive violence.

Pros: Shows determination and represents the ultimate test of the West’s willingness to match Putin’s escalatory moves.

Cons: Would likely result in a Russia-NATO war which he is unprepared to fight and would probably lose. The only viable next escalatory step would be Weapons of Mass Destruction. His inner circle may eventually decide that enough was enough.

Likelihood: Fairly low, but possible. See previous observation about Putin’s rationality, and while the Kremlin clans may dislike Putin, they remain immensely fearful of him.

Some wildcards: Putin agrees to an impartial third party to mediate (but whom?). Zelenskyy is assassinated (but that may turn him into a martyr). Or Putin himself clumsily falls out of a window (the inner circle is probably not there yet).

The conundrum: In all of these scenarios, the outcome for Putin is bad. Will he choose the “least worst” outcome of de-escalation? Or roll the dice? Some closing advice: As has often been said of a crisis, anyone who isn’t confused really doesn’t understand the situation.

Matthew Sussex is a Senior Fellow of the Centre for Defence Studies at the Australian Defence College and an Adjunct Associate Professor of the Griffith Asia Institute at Griffith University. This commentary first appeared on Lowy Institute’s blog The Interpreter.

Source: CNA/geh