Can Russian President Vladimir Putin lose the war in Ukraine and retain power? As Ukraine’s driving counteroffensive erodes Russia’s position on the battlefield, that question is getting increasing attention. Discussion has focused on the possibility of a coup, whether an armed insurrection by disgruntled Russian generals or a mutiny by Kremlin insiders. Although not impossible, neither of these is currently very likely. In fact, a different danger is more plausible: a comprehensive meltdown of the regime, as multiple challenges overwhelm its capacity to react and dysfunction drains confidence in Putin’s leadership.
