Berliner Boersenzeitung - Putin: The autocrat eyeing a new world order

EUR -
AED 4.099459
AFN 72.55656
ALL 90.854432
AMD 403.236651
ANG 1.997863
AOA 1024.725669
ARS 1725.716503
AUD 1.620032
AWG 2.009266
AZN 1.908969
BAM 1.95792
BBD 2.251649
BDT 139.310855
BGN 1.951032
BHD 0.422353
BIF 3344.903956
BMD 1.116259
BND 1.432558
BOB 13.416528
BRL 6.156839
BSD 1.11797
BTN 104.985685
BWP 15.400226
BYN 3.347906
BYR 21878.671669
BZD 2.248447
CAD 1.574248
CDF 2589.720669
CHF 0.914947
CLF 0.0277
CLP 1090.183107
CNY 7.452703
CNH 7.448895
COP 3616.432801
CRC 507.00375
CUC 1.116259
CUP 26.831195
CVE 110.384532
CZK 24.322276
DJF 199.07927
DKK 7.475501
DOP 67.930698
DZD 152.243187
EGP 60.341267
ERN 16.743881
ETB 183.485227
FJD 2.528995
FKP 0.835844
GBP 0.834074
GEL 2.896647
GGP 0.835844
GHS 13.069152
GIP 0.835844
GMD 83.157879
GNF 9901.932318
GTQ 8.547256
GYD 234.483915
HKD 8.751658
HNL 30.047001
HRK 7.555967
HTG 146.496769
HUF 362.944278
IDR 20214.050795
ILS 3.540654
IMP 0.835844
INR 104.731751
IQD 1695.636147
IRR 2111239.352217
ISK 136.8083
JEP 0.835844
JMD 177.430274
JOD 0.791445
JPY 176.643491
KES 145.068585
KGS 97.614372
KHR 4554.728771
KMF 493.386409
KPW 1004.632839
KRW 1507.256269
KWD 0.347224
KYD 0.931779
KZT 501.111442
LAK 25151.180911
LBP 100111.977802
LKR 371.774398
LRD 190.145903
LSL 18.488377
LTL 3.296022
LVL 0.675214
LYD 7.154286
MAD 10.933439
MDL 19.982972
MGA 5080.04349
MKD 61.557339
MMK 2343.536588
MNT 4019.833098
MOP 9.028977
MRU 45.135041
MUR 52.498031
MVR 17.176539
MWK 1938.561406
MXN 20.74952
MYR 4.533466
MZN 71.324403
NAD 18.488791
NGN 1506.414005
NIO 41.14465
NOK 10.535418
NPR 167.895587
NZD 1.993449
OMR 0.429201
PAB 1.118611
PEN 3.853072
PGK 5.095167
PHP 70.632393
PKR 309.195541
PLN 4.391217
PYG 6988.186673
QAR 4.088627
RON 5.333257
RSD 117.643055
RUB 91.531628
RWF 1650.125559
SAR 4.197709
SBD 8.984301
SCR 15.692146
SDG 671.429609
SEK 11.013898
SGD 1.42957
SHP 0.835992
SLE 25.617714
SLL 23407.392948
SOS 638.897077
SRD 41.952909
STD 23104.302586
STN 24.515236
SVC 9.786598
SYP 14513.596028
SZL 18.482073
THB 37.355611
TJS 10.318073
TMT 3.906906
TND 3.346924
TOP 2.687683
TRY 56.014648
TTD 7.581576
TWD 36.663741
TZS 2954.045111
UAH 50.646343
UGX 4574.954062
USD 1.116259
UYU 44.998728
UZS 13346.452419
VES 1000.52103
VND 28480.784096
VUV 133.12733
WST 3.111933
XAF 655.957
XAG 0.021125
XAU 0.000270979015
XCD 3.016745
XCG 2.015783
XDR 0.789253
XOF 655.957
XPF 119.331742
YER 264.134779
ZAR 18.399961
ZMK 10047.670755
ZMW 22.71661
ZWL 359.434865
SSP 6413.165902
MXV 2.332613
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Putin: The autocrat eyeing a new world order
Putin: The autocrat eyeing a new world order / Photo: Gavriil GRIGOROV - POOL/AFP

Putin: The autocrat eyeing a new world order

Russian President Vladimir Putin has over the past two decades built up a system of domestic repression and confrontation with the West that is almost certain to guarantee a fifth term in office on Sunday.

Text size:

Ever since the previously little-known KGB agent became president on New Year's Eve 1999, he has consolidated power by bringing oligarchs to heel, banning any real opposition and turning Russia into an authoritarian state.

His most prolific critic, Alexei Navalny, died in an Arctic prison colony last month in mysterious circumstances. Other opponents are serving lengthy jail sentences or have fled into exile.

Abroad, 71-year-old Putin has spearheaded efforts to challenge the dominance of the West.

His grip on power tightened further after he invaded Ukraine in February 2022, with public dissent against the war effectively silenced through court proceedings and imprisonment.

His rule risks being defined by the war in Ukraine, which has cost many thousands of lives and sparked unprecedented Western sanctions that have created major tensions in the Russian economy.

There were large anti-war protests in the days after he ordered troops into Ukraine in the early hours of February 24, 2022. They were quickly quashed.

- Quashed mutiny -

But there were more demonstrations months later when the government was forced to announce a partial mobilisation, after Russia failed to topple Ukraine's government in the opening offensive of the war.

The most serious challenge to Putin's long rule came in June 2023, when Yevgeny Prigozhin, a long-time ally and head of the Wagner mercenary group, announced a mutiny to unseat Russia's military leadership.

The bloody uprising threatened to tarnish Putin's self-created image of a strategic genius -- uncomfortable for a ruler who likes to compare himself to Peter the Great, the reform-minded emperor who expanded Russia's borders.

But in recent months, Putin has demonstrated his lasting power.

Domestic opposition has been largely silent, the economy is growing again, the Russian military has gained ground in east Ukraine in recent weeks, and he has resumed foreign travel.

Putin started out as an intelligence officer before embarking on a political career in the mayor's office in his native Saint Petersburg in 1991, as the Soviet Union was falling apart.

Boris Yeltsin, Russia's first president, appointed him as head of the FSB security service in 1998 and as prime minister the following year.

- Early reform hopes -

It was a carefully planned strategy, culminating in his nomination as acting president when Yeltsin resigned.

Putin won his first presidential election in March 2000 and a second term in 2004.

His rise initially spurred hopes that Russia would reform and become a predictable, democratic partner to the West on the global stage.

Putin gained popularity by promising stability to a country still reeling from a decade of humiliation and economic chaos following the Soviet collapse.

After two stints as president, Putin switched back to being prime minister in 2008 to circumvent a constitutional ban on holding more than two consecutive terms as head of state.

But he kept the reins of power firmly in hand and returned to the presidency in 2012 despite pro-democracy protests in Moscow, winning a fourth term in 2018.

He jailed his loudest rival, Alexei Navalny, in 2021 and kept him in prison for three years until his death under opaque circumstances in February 2024.

The clampdown on opposition movements ramped up after the launch of hostilities in Ukraine.

Thousands of Russians were handed long prison sentences using newly reinforced censorship laws.

- 'New Iron Curtain' -

The West imposed sanctions that effectively cut off Russia from the global banking system, adding to the Russian leadership's siege mentality.

In October 2023, Putin accused Europe of creating a "new Iron Curtain" and said Russia was building "a new world" that would not be based on Western hegemony.

He has also increasingly pushed a domestic agenda of nationalism and social conservatism, including most recently laws against Russia's LGBTQ community.

Persona non grata among Western leaders after the invasion of Ukraine, the Russian strongman has sought to pivot east, wooing India and China with increased energy exports.

After shrinking in 2022, the Russian economy began to grow again last year despite high inflation, a weakening of the ruble and a drastic increase in defence spending.

The war failed in its initial aims to topple Ukraine's government and Russia was forced into a series of humiliating setbacks by the determined defence of the much smaller Ukrainian army.

- Growing confidence -

But, with the conflict now in its third year, Putin has been speaking with increased confidence about Russia's prospects on the battlefield -- a topic he avoided for many months.

Russian forces have successfully held off a much-hyped Ukrainian counter-offensive and there are increasing doubts about whether Kyiv can hold the front lines in the face of delays to much-needed Western military supplies.

Wrangling in Washington in recent months has held up $60 billion in military aid for Ukraine, prompting alarmed warnings from the US administration.

In February, Russian forces captured the former Ukrainian stronghold of Avdiivka, handing Moscow its first major territorial gain in more than a year of fighting for the town.

The Kremlin chief struck a defiant tone in his state of the nation address almost two weeks later, vowing his troops would fight until the end.

"They will not back down, will not fail and will not betray," Putin said.

(H.Schneide--BBZ)