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Russian Elites Grow Disillusioned with Putin as Economy Stalls and Victory Parade Is Scaled Back

Еліта Росії втрачає віру в лідера на фоні економічних труднощів та скорочення масштабів параду перемоги. Photo: ХВИЛЯ

Discontent Among Russia’s Upper Echelons

British historian Mark Galeotti reports rising frustration among Russian elites toward President Vladimir Putin, driven by economic stagnation and shifting social dynamics. In 2024, the annual Red Square parade will proceed in a reduced format without military hardware—a break from tradition that many find unacceptable. The Kremlin officially cites a terrorist threat from Ukraine as justification, a claim that gained traction after a recent drone strike hit a high-rise on the outskirts of Moscow.

Public unease is also growing. Polls show an increasing share of Russians now favor peace negotiations. Three key signs of shifting sentiment have emerged:

  • a growing desire among the population for peace talks;
  • the rise of guerrilla-style protest, with people painting graffiti on walls under cover of night;
  • tension within the elite itself.

Galeotti notes a palpable sense of disappointment among the ruling class, observing that

“Putin no longer controls the situation like he used to,”
and
“he is getting older, travels less around the country, and meets people less often.”
Russia’s economy is also stagnating. The average citizen spends 40% of their income on food, while the key interest rate stands at 14.5%. Low unemployment has paradoxically created labor shortages, with agriculture unable to find workers as they shift to defense factories.

Galeotti emphasizes that

“Putin’s regime is starting to resemble the late Brezhnev-era gerontocracy,”
where the president’s inner circle is aging and “the next generation is metaphorically looking at their watches, waiting for their turn.” He describes the current situation in Russia as evidence of “a slow, shabby decline” reminiscent of the late Soviet Union. In his view, the elite recognizes that Putin is doing serious damage to the country, and they will be the ones left to “pick up the pieces when they finally get their chance at power.”

Thus, disillusionment with Putin among Russian elites is becoming increasingly evident amid the economic and social challenges the country faces.

As frustration mounts among both elites and the general population, Russia’s current trajectory may signal potential shifts in its political landscape. Economic pressures—such as high inflation and labor shortages—could embolden opposition forces seeking to challenge the existing leadership. This might trigger new protests and instability, warranting close attention from the international community.

In light of these developments, it's crucial to understand the broader implications of Putin's waning influence on Russia's political landscape. As discontent grows among the elite, experts are highlighting key factors contributing to the unraveling of his system. For a deeper analysis of these dynamics, see how various elements are driving the potential collapse of Putin's regime in our detailed report on the subject examining the forces behind its decline.