<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Jason’s Substack]]></title><description><![CDATA[My personal Substack]]></description><link>https://jasonjaysmart.substack.com</link><image><url>https://substackcdn.com/image/fetch/$s_!3uSY!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fff623958-428e-415d-91bb-4ed8ef534c96_144x144.png</url><title>Jason’s Substack</title><link>https://jasonjaysmart.substack.com</link></image><generator>Substack</generator><lastBuildDate>Tue, 04 Aug 2026 23:46:32 GMT</lastBuildDate><atom:link href="https://jasonjaysmart.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Jason Jay Smart]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[jasonjaysmart@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[jasonjaysmart@substack.com]]></itunes:email><itunes:name><![CDATA[Jason Jay Smart]]></itunes:name></itunes:owner><itunes:author><![CDATA[Jason Jay Smart]]></itunes:author><googleplay:owner><![CDATA[jasonjaysmart@substack.com]]></googleplay:owner><googleplay:email><![CDATA[jasonjaysmart@substack.com]]></googleplay:email><googleplay:author><![CDATA[Jason Jay Smart]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Live on State TV: Putin’s Top Mouthpiece Confesses Failure]]></title><description><![CDATA[Inside Solovyov's shock state TV confession, the 94% frontline stall, and how the Kremlin is prepping civilians for economic extraction.]]></description><link>https://jasonjaysmart.substack.com/p/inside-putins-phantom-army-russias</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/inside-putins-phantom-army-russias</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Tue, 04 Aug 2026 19:12:01 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!pnfU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>When Vladimir Solovyov told state television viewers that Russia&#8217;s military doctrine had failed and its regular army could not win alone, he was not speaking off the cuff. Rather, he was shifting the narrative. As the Kremlin&#8217;s primary defender, Solovyov signaled that, despite state media&#8217;s earlier claims of a swift, low-cost victory, the Kremlin was preparing for mass mobilization, state seizure of private assets, and endless war.</span></p><div class="pullquote"><p><span>State television is no longer reassuring Russians about the conflict; it is preparing them to be consumed by it.</span></p></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!pnfU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!pnfU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pnfU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pnfU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pnfU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!pnfU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg" width="1180" height="730" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:730,&quot;width&quot;:1180,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:56309,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/209783367?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!pnfU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pnfU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pnfU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pnfU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9ac7a9b8-77c3-4738-9e0f-a8c82ff88a9b_1180x730.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Solovyov&#8217;s hardest job yet: explaining why gaining 1 km&#178; a day is actually a strategic masterpiece.</em></p>
      <p>
          <a href="https://jasonjaysmart.substack.com/p/inside-putins-phantom-army-russias">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Russia Just Tested NATO’s Weakest Instinct]]></title><description><![CDATA[The Russian missile that entered Poland likely achieved what Moscow wanted: pressure NATO to keep air defenses away from Ukraine.]]></description><link>https://jasonjaysmart.substack.com/p/moscows-calculated-incursion</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/moscows-calculated-incursion</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Mon, 03 Aug 2026 18:15:16 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!faAh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>For roughly 20 minutes, a Russian Kh-101 cruise missile flew through Polish airspace before exploding in an open field and leaving a crater 10 meters (33 feet) wide. It remained inside NATO territory far longer than a brief border crossing, yet it detonated without hitting a clear target. That combination looks less like an ordinary guidance failure than a controlled Russian probe meant to frighten Poland - and NATO - without starting a war.</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!faAh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!faAh!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 424w, https://substackcdn.com/image/fetch/$s_!faAh!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 848w, https://substackcdn.com/image/fetch/$s_!faAh!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 1272w, https://substackcdn.com/image/fetch/$s_!faAh!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!faAh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp" width="1200" height="675" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:675,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:248478,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/webp&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/209658633?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!faAh!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 424w, https://substackcdn.com/image/fetch/$s_!faAh!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 848w, https://substackcdn.com/image/fetch/$s_!faAh!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 1272w, https://substackcdn.com/image/fetch/$s_!faAh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0f54a65c-ee1b-46fa-ae1e-190bea2522cd_1200x675.webp 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>The Polish authorities launched an investigation after the incident (Photo: PAP/Wojtek Jargi&#322;o).</em></p><div class="pullquote"><p><strong><span>An empty field suggests a guidance failure, but the outcome delivered maximum return for Moscow: Poland was warned, NATO was probed, and zero casualties deprived the alliance of a pretext to retaliate. While a malfunction remains possible, deliberate intent far better accounts for both the flight path and the political payoff.</span></strong></p></div><p><span>Consider the real-world consequences of that missile in a field: Poland must now decide whether additional Patriot batteries, radar systems, and interceptors should go to Ukraine or remain at home. Every system Poland retains is one fewer protecting Ukrainian cities, power stations, military facilities, and frontline troops. Putin does not need to defeat NATO for this strategy to work. He only needs NATO to hesitate.</span></p><blockquote><p><span>Skeptical Moscow would take such a gamble? Precedent says otherwise. Russian drones, missiles, and fighters routinely breach NATO airspace. Earlier incursions into Poland yielded only disputed explanations, delayed investigations, and desperate de-escalation. The Kremlin learned it can cross the border, alarm Warsaw, and face zero military fallout.</span></p></blockquote><p><span>Russia nees some kind of a game changer - a paradigm shift - quickly: Their &#8220;three-day special military operation&#8221; has now passed 1,621 days and Ukraine is forcing Russia to defend itself, full-court, across 11 time zones: Moscow, occupied Crimea, oil refineries, airfields, defense plants, and logistics hubs are competing for the same limited supply of launchers, radars, crews, and interceptors. Protecting one target leaves another easier to strike. Russia now wants European governments to face the same choice.</span></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://substack.com/@chuckpfarrer&quot;,&quot;text&quot;:&quot;Subscribe to Chuck Pfarrer&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://substack.com/@chuckpfarrer"><span>Subscribe to Chuck Pfarrer</span></a></p><p><span>Ukraine&#8217;s recent strikes on Wildberries show why Moscow needs NATO distracted. The company processes 52% of Russia&#8217;s online orders for roughly 800,000 businesses, while also serving as an informal military quartermaster supplying troops with body armor, radios, drone components, and other equipment that state procurement fails to deliver. Strikes on 12 facilities have destroyed about 10% of its warehouse capacity, threatening a company already carrying nearly $1 billion in debt and spreading losses through merchants, borrowers, and banks. Wildberries is now seeking approximately 100,000 square meters (1.1 million square feet) of replacement space in Kazakhstan, forcing a critical wartime supply network across another border and adding customs delays, higher transport costs, and less Kremlin control.</span></p><div class="pullquote"><p><strong><span>This points to a larger crisis for the Kremlin. Russia lacks the military, financial, and strategic answer to keep Ukraine from bringing the war home. Unable to match Ukraine on the battlefield, Moscow urgently needs new pressure points to rewrite the rules of the war.</span></strong></p></div><p><span>Ukraine forced Putin into a brutal triage of his own airspace: decide what gets protected and what gets left to burn. The missile over Poland was Moscow&#8217;s attempt to export that same paralysis to NATO. It was not fired to provoke a war with Warsaw. It was fired to make Europe disarm Ukraine through its own fear.</span></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[Putin’s Inner Circle Is No Longer Safe | Jason Smart LIVE]]></title><description><![CDATA[Jason Smart's Live video lecture: The Putin Regime's situation is more complex than you think.]]></description><link>https://jasonjaysmart.substack.com/p/putins-inner-circle-is-no-longer</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/putins-inner-circle-is-no-longer</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sun, 02 Aug 2026 21:48:33 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/209510704/deb8243ea164186bd78b2c3972645623.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Vladimir Putin built his regime on an unwritten contract with Russia&#8217;s ruling class: surrender political ambition, and the Kremlin would provide wealth, security, and immunity from state violence. That bargain is collapsing under the weight of the war against Ukraine, turning obedience from a profitable shield into a growing financial and personal liability.</p><div class="pullquote"><p>Ultimately, as I have argued before: Putin&#8217;s greatest threat is in Moscow.</p></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!QRR-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!QRR-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 424w, https://substackcdn.com/image/fetch/$s_!QRR-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 848w, https://substackcdn.com/image/fetch/$s_!QRR-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!QRR-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!QRR-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg" width="1360" height="765" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:765,&quot;width&quot;:1360,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;20 Years of Vladimir Putin: The Rise and Decline of a Regime - The Moscow  Times&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="20 Years of Vladimir Putin: The Rise and Decline of a Regime - The Moscow  Times" title="20 Years of Vladimir Putin: The Rise and Decline of a Regime - The Moscow  Times" srcset="https://substackcdn.com/image/fetch/$s_!QRR-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 424w, https://substackcdn.com/image/fetch/$s_!QRR-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 848w, https://substackcdn.com/image/fetch/$s_!QRR-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!QRR-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F647e1fda-95d1-438a-bc17-a6e9b86f3282_1360x765.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Like a bad cold: He is remarkably hard to get rid of.</em></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p>Evidence of this shift is visible across Russia&#8217;s business elite, where roughly 1-in-10 Forbes-listed Russians have reportedly faced asset seizures, forced transfers, or comparable pressure since 2022. Domodedovo Airport showed that even strategic assets can be confiscated once their owners lose political protection. Wildberries exposed the same rule through political intervention, an ownership struggle, physical violence, and commercial disruption surrounding one of Russia&#8217;s largest private companies. In Putin&#8217;s Russia, ownership survives only while political protection does.</p><div class="pullquote"><p>The system that Putin built was never about nationalism: It was about self-enrichment. As long as you remained loyal to Putin: The world was your oyster. However, today: There&#8217;s not enough money for everyone.</p></div><p>Financial pressure is spreading beyond individual oligarchs because Moscow must manufacture domestic buyers for the debt financing its war. As private investors demand terms the government considers unacceptable, the Kremlin must lean more heavily on state-controlled banks, major corporations, and institutions that cannot safely refuse. Sberbank&#8217;s warning about limited liquidity therefore reveals more than a banking problem: Putin is exhausting the financial system required to sustain government borrowing. <em>Once voluntary financing weakens, coercion becomes the financing model.</em></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p>The regime&#8217;s remaining options include tighter foreign-currency controls, pressure on private deposits, compulsory bond purchases, higher corporate levies, and deeper raids on regional budgets. Every emergency levy transfers another portion of the war&#8217;s cost onto the elites whose loyalty was purchased with stability and profit.</p><p>Political warning signs are also surfacing inside institutions deliberately constructed to suppress disagreement and project total unity. When Communist Party leader Gennady Zyuganov invoked a possible &#8220;1917 scenario&#8221; in the State Duma, his language was striking because parliament normally functions as a controlled instrument of Kremlin authority. </p><blockquote><p>Within such a system, public references to revolution suggest that fear is spreading upward through the hierarchy. Today, we see it is becoming rampant.</p></blockquote><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p>Putin&#8217;s growing isolation may intensify the danger because a ruler receiving filtered intelligence becomes easier for rival factions to manipulate. This information vacuum traps powerful insiders in a prisoner&#8217;s dilemma: each must display loyalty while privately assessing escape routes, alliances, and succession scenarios. Acting too early could bring imprisonment or death, while waiting too long could mean losing wealth, freedom, and influence.</p><blockquote><p>None of this means Russia&#8217;s ruling elite are embracing democracy or developing moral objections to the war. Rather, they may reach a colder conclusion:</p></blockquote><div class="pullquote"><p>Putin has become more dangerous to their survival than the risks of moving against him. The Kremlin&#8217;s gravest danger begins when the people closest to power stop viewing Putin as their protector and begin viewing him as the principal threat to their own survival.</p><p></p></div><p>Thank you <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Fran&quot;,&quot;id&quot;:194263848,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@moonkelpie&quot;,&quot;photo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!Ws30!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb1746b89-6a86-4aba-9a88-ab474589c7ac_1704x2272.jpeg&quot;,&quot;uuid&quot;:&quot;35ef53b9-daef-425a-8888-4e5f1795570c&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Dana Britt&quot;,&quot;id&quot;:334260560,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@danabritt&quot;,&quot;photo_url&quot;:null,&quot;uuid&quot;:&quot;5bb5e225-9f1c-4158-af09-44ab898be8f0&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;James Aldridge&quot;,&quot;id&quot;:214070951,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@64n147w&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/289f52cb-3adc-42f5-bbf2-a68c8b62f991_1932x1932.jpeg&quot;,&quot;uuid&quot;:&quot;4793d8ed-8a7f-4bc9-9252-984d1b901c17&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;GW B&quot;,&quot;id&quot;:319390415,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@bartgw&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/49956369-d602-4639-b954-603ff6813858_882x882.png&quot;,&quot;uuid&quot;:&quot;8c8bd088-8c09-4981-a909-949233765c4b&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Debbie Park&quot;,&quot;id&quot;:45786244,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@debbiepark1&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/024c1173-2c75-4c2f-a78e-c6c134103294_892x1168.jpeg&quot;,&quot;uuid&quot;:&quot;e186b490-541e-4345-b07b-99626164301c&quot;}" data-component-name="MentionToDOM"></span>, and many others for tuning into my live video! Join me for my next live video in the app.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><div class="install-substack-app-embed install-substack-app-embed-web" data-component-name="InstallSubstackAppToDOM"><img class="install-substack-app-embed-img" src="https://substackcdn.com/image/fetch/$s_!3uSY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fff623958-428e-415d-91bb-4ed8ef534c96_144x144.png"><div class="install-substack-app-embed-text"><div class="install-substack-app-header">Get more from Jason Jay Smart in the Substack app</div><div class="install-substack-app-text">Available for iOS and Android</div></div><a href="https://substack.com/app/app-store-redirect?utm_campaign=app-marketing&amp;utm_content=author-post-insert&amp;utm_source=jasonjaysmart" target="_blank" class="install-substack-app-embed-link"><button class="install-substack-app-embed-btn button primary">Get the app</button></a></div>]]></content:encoded></item><item><title><![CDATA[Putin Destroyed What Made Him Untouchable]]></title><description><![CDATA[The bargain that kept Russia&#8217;s most powerful men loyal for 26 years is collapsing, and the Kremlin has no safe way out.]]></description><link>https://jasonjaysmart.substack.com/p/putin-has-become-his-elites-greatest</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/putin-has-become-his-elites-greatest</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sun, 02 Aug 2026 21:40:33 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!pQ5e!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab11237f-5c96-45e8-a605-b1001ae36818_2000x1305.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>For 26 years, Vladimir Putin offered Russia&#8217;s elite an exceptionally profitable bargain: political loyalty in exchange for wealth, influence, and personal protection. Four years into his full-scale war against Ukraine, that arrangement is steadily breaking down. Senior officers are losing their sense of security, state bankers are being ordered to absor&#8230;</p>
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   ]]></content:encoded></item><item><title><![CDATA[Why Russia Is Not Winning the War in Ukraine]]></title><description><![CDATA[Grabbing destroyed borderlands cannot hide the reality that Putin has failed every primary political objective of his invasion.]]></description><link>https://jasonjaysmart.substack.com/p/why-russia-is-not-winning-the-war</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/why-russia-is-not-winning-the-war</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sat, 01 Aug 2026 09:24:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!HhdG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>John Mearsheimer claims Russia is winning in Ukraine, but the University of Chicago professor is making a silly error: mistaking map movement for strategic victory.</p><blockquote><p><span>In June 2026, Russian forces seized roughly 30 km&#178; (12 mi&#178;) of Ukrainian territory. Securing that ground cost Moscow:</span><br><span>- 40,000 personnel casualties.</span><br><span>- $19 billion in military expenditures and strike-induced economic damage.</span><br><br><span>That works out to over </span><strong><span>1,300 casualties and $633 million per km&#178; gained</span></strong><span> (</span><strong><span>3,400 casualties and $1.6 billion per mi&#178;</span></strong><span>). </span><em><span>More importantly, though Russia captured territory, it brought Moscow no closer to its political objectives. Territory itself has no intrinsic value unless: The question is whether it helps to achieve the state&#8217;s political objectives.</span></em></p></blockquote><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!HhdG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!HhdG!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 424w, https://substackcdn.com/image/fetch/$s_!HhdG!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 848w, https://substackcdn.com/image/fetch/$s_!HhdG!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!HhdG!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!HhdG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg" width="1456" height="1092" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1092,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Mapping major battles of the Ukraine war, one year on | Russia-Ukraine war  News | Al Jazeera&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Mapping major battles of the Ukraine war, one year on | Russia-Ukraine war  News | Al Jazeera" title="Mapping major battles of the Ukraine war, one year on | Russia-Ukraine war  News | Al Jazeera" srcset="https://substackcdn.com/image/fetch/$s_!HhdG!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 424w, https://substackcdn.com/image/fetch/$s_!HhdG!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 848w, https://substackcdn.com/image/fetch/$s_!HhdG!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!HhdG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb238b43b-2190-44c5-be9f-05577a0749b7_1920x1440.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div class="pullquote"><p><span>In Clausewitzian terms, war is an instrument of policy designed to compel an adversary to accept one&#8217;s political will. Military operations must therefore be judged solely by whether they produce the political outcome for which force was deployed. Capturing villages and destroying infrastructure are tactical means; they do not constitute strategic success unless they force the desired political settlement.</span></p></div><p><em><span>Moscow&#8217;s principal war aims were never the marginal acquisition of Ukrainian borderlands. They were</span></em><span>:</span><br><span>- Subordinating the Ukrainian state to Moscow&#8217;s political control.</span><br><span>- Eliminating Ukraine&#8217;s independent military capability.</span><br><span>- Replacing Kyiv&#8217;s sovereign government with a compliant regime.</span><br><span>- Severing Ukraine&#8217;s integration with the West.</span><br><span>- Imposing constitutional and territorial terms dictated by the Kremlin.</span></p><p><em>1,620 days into the war, Ukraine remains:<br></em>- Sovereign.<br>- Heavily armed.<br>- Politically independent.<br>- Institutionally intact.<br>- Capable of sustained military resistance.<br>- Structurally integrated into the Western security system.<br></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><div class="pullquote"><p><span>Measured against Russia&#8217;s objectives, as stated by Vladimir Putin, Russia&#8217;s campaign has failed.</span></p></div><p><br><span>The strategic paradox for Moscow is absolute. Vladimir Putin sought to disarm Ukraine; instead, he created one of Europe&#8217;s largest, most technologically capable, and battle-hardened militaries. He sought to halt Western expansion; instead, he accelerated Ukraine&#8217;s permanent economic, political, and military integration into the Euro-Atlantic architecture. He sought to prove that Ukrainian resistance was futile; instead, Ukraine has sustained years of high-intensity warfare, built an advanced domestic defense sector, and routinely strikes deep within Russian territory.</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!LBiT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!LBiT!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 424w, https://substackcdn.com/image/fetch/$s_!LBiT!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 848w, https://substackcdn.com/image/fetch/$s_!LBiT!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!LBiT!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!LBiT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Why Vladimir Putin Is Still Afraid to Say Alexei Navalny's Name | Journal  of Democracy&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Why Vladimir Putin Is Still Afraid to Say Alexei Navalny's Name | Journal  of Democracy" title="Why Vladimir Putin Is Still Afraid to Say Alexei Navalny's Name | Journal  of Democracy" srcset="https://substackcdn.com/image/fetch/$s_!LBiT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 424w, https://substackcdn.com/image/fetch/$s_!LBiT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 848w, https://substackcdn.com/image/fetch/$s_!LBiT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!LBiT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd194227c-12ad-476d-a1da-f99b2deb7746_1470x980.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>The &#8220;Masster Strategist&#8217;s&#8221; three-day Special Military Operation is on Day 1,620.</em><br><br><span>However, the capacity to inflict destruction is not the capacity to force political submission. Strategic assessment demands a clear distinction between structural capacity, local battlefield momentum, and political outcome. Russia possesses capacity and marginal momentum, but it has repeatedly failed to convert either into Ukrainian capitulation.</span><br><br><span>Wars of attrition are not won merely by inflicting losses; they are won by sustaining a favorable balance of strategic capital. A state that burns through finite military, economic, and political reserves faster than its territorial gains improve its bargaining position is not advancing toward victory; Rather, it is accelerating its own degradation.</span></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!NG31!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!NG31!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 424w, https://substackcdn.com/image/fetch/$s_!NG31!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 848w, https://substackcdn.com/image/fetch/$s_!NG31!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 1272w, https://substackcdn.com/image/fetch/$s_!NG31!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!NG31!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png" width="1200" height="630" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:630,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Mapping Russian attacks and territorial gains across Ukraine&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Mapping Russian attacks and territorial gains across Ukraine" title="Mapping Russian attacks and territorial gains across Ukraine" srcset="https://substackcdn.com/image/fetch/$s_!NG31!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 424w, https://substackcdn.com/image/fetch/$s_!NG31!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 848w, https://substackcdn.com/image/fetch/$s_!NG31!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 1272w, https://substackcdn.com/image/fetch/$s_!NG31!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31c23987-1dba-4c9a-bf87-b2e77001263d_1200x630.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>It doesn&#8217;t seem that the Russians&#8217; taking of territory is going so well.</em></p><p><br><span>June 2026 illustrates this structural failure. Moscow paid a ruinous price for geographically trivial gains that failed to sever critical supply lines, trigger an operational collapse, or force a single political concession from Kyiv.</span></p><p></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p><br><span>Tactical progress frequently coexists with strategic failure. Military history is replete with armies that advanced, occupied ground, and inflicted heavy casualties right up until the collapse of their strategic position.</span><br><br><span>Map movement is battlefield activity, not strategic progress. Selected Russian units may continue to advance, but holding ruined ground while failing to break an adversary&#8217;s political resolve is not victory.</span></p><div class="pullquote"><p><span>By every metric of strategy, Russia is losing. It is burning its long-term national power to achieve the exact inverse of its political aims.</span></p></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[Inside the Secret Money Exodus Putin Can’t Stop As His Time Runs Out ]]></title><description><![CDATA[There's a part of Ukraine's strategy you never realized before that is turning the Kremlin's asset confiscations into a financial trap that can bring down Putin.]]></description><link>https://jasonjaysmart.substack.com/p/the-secret-strategy-that-will-break</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/the-secret-strategy-that-will-break</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Wed, 29 Jul 2026 16:56:05 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!TzHF!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>Fiery drone strikes on Russia&#8217;s Ryazan refinery and logistics hubs capture world headlines, but Moscow&#8217;s most dangerous crisis is invisible - yet it is more dangerous than a forest fire approaching the Kremlin: </span><em><span>Rebuilding damaged infrastructure takes immense funding, yet the money needed to fix Russia&#8217;s burnt-out infrastructure is currently fleeing the country at a remarkable rate</span></em><span>. [1][2][3]</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!TzHF!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!TzHF!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 424w, https://substackcdn.com/image/fetch/$s_!TzHF!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 848w, https://substackcdn.com/image/fetch/$s_!TzHF!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!TzHF!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!TzHF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg" width="880" height="576" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:576,&quot;width&quot;:880,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:115270,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/208990199?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!TzHF!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 424w, https://substackcdn.com/image/fetch/$s_!TzHF!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 848w, https://substackcdn.com/image/fetch/$s_!TzHF!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!TzHF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3901ef0-9c68-405c-8d1f-80cacf903484_880x576.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Ukraine&#8217;s strikes raise the cost of war by destroying facilities like Wildberries, while Kremlin seizures force domestic wealth to flee right when Moscow needs it most.</em></p><p><span>With Central Bank interest rates at 14%, domestic borrowing is painfully expensive. [4] Russian businesses face rising wartime costs right when they desperately need capital to replace broken machinery. Instead of staying home to rebuild, wealth is escaping.</span></p><div class="pullquote"><p><strong><span>According to the Bank of Russia, residents shifted $32.9 billion into foreign assets during just the first five months of 2026 - $218 million per day. [5]</span></strong></p></div><div id="youtube2-9_KzRHAQgv8" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;9_KzRHAQgv8&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/9_KzRHAQgv8?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p><em>Check out the YouTube and be sure to Subscribe now! You will be happy you did!</em></p><p><span>Capital is running away because private property inside Russia is no longer secure: During the first three years of the full-scale war, the Kremlin seized roughly $50 billion in assets from domestic businesses and foreign corporations. [6][7] A study by the Moscow law firm Nektorov, Saveliev and Partners calculated that</span><em><span> recent Russian government seizures of private assets match nearly 15 years of incoming foreign investment</span></em><span>, based on 2024 rates of $3.35 billion. [6][8][9]</span></p><div class="pullquote"><p><em><strong><span>Having fewer streams of revenue, the Russian government is using its prosecutors, tax police, and other state institutions to strip the elites of their wealth and to redistribute it among cronies of the Russian dictator. [10][11]</span></strong></em></p></div><p><span>Russian banking data shows corporate lending growth dropped from 1.5% in May to just 0.4% in June as corporate deposits stalled and household savings flatlined despite high interest rates. Though banks remain profitable, this sharp slowdown in domestic funding signals a deepening squeeze while an even bigger crisis goes untreated. [12]</span></p><p><span>Every damaged refinery and warehouse forces Russia to spend capital it cannot spare: Rebuilding takes immediate funding, yet steep interest rates make borrowing painful and state seizures leave owners terrified to fund assets they might lose tomorrow. [4][6][7][10]</span><em><span> And herein lies the rub of Ukraine&#8217;s strategy: Every strike increases Russia&#8217;s demand for capital, while every Kremlin seizure destroys the incentive for private investors to supply it.[4][5][6][10]</span></em></p><blockquote><p><span>Seizing private businesses gives Moscow quick control, but it warns every remaining owner to move their wealth abroad. Cash stashed overseas cannot fund domestic factories, commercial loans, or critical infrastructure. Capital flees right when the war demands it most. [5][10][11]</span></p></blockquote><p><span>Moscow can patch refinery pipes, rebuild warehouses, or hand stolen companies to loyal insiders. It cannot rebuild trust. Ukraine is raising the physical cost of war inside Russia, while Putin&#8217;s own policies destroy the willingness to fund it.</span></p><div class="pullquote"><p><span>Putin&#8217;s real financial crisis is not replacing destroyed property, but replacing investors who no longer trust Russian ownership. [6][10][11]</span></p></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h3>Footnotes:</h3><ol><li><p><span>Associated Press, &#8220;Ukraine says it hit a major Russian oil refinery, hours after Zelenskyy&#8217;s meeting with Trump,&#8221; July 29, 2026:</span><br><a href="https://apnews.com/article/russia-ukraine-war-oil-refinery-trump-zelenskyy-4275c2280107aedba37df8704f226ce6">https://apnews.com/article/russia-ukraine-war-oil-refinery-trump-zelenskyy-4275c2280107aedba37df8704f226ce6</a></p></li><li><p><span>Reuters, &#8220;Widening Ukrainian attacks on Russian online retailer Wildberries shutter another warehouse,&#8221; July 23, 2026:</span><br><a href="https://live.euronext.com/en/financial-news/widening-ukrainian-attacks-russian-online-retailer-wildberries-shutter-another">https://live.euronext.com/en/financial-news/widening-ukrainian-attacks-russian-online-retailer-wildberries-shutter-another</a></p></li><li><p><span>Associated Press, &#8220;Ukraine hits Russia&#8217;s largest online marketplace, hurting small businesses and bringing the war home,&#8221; July 23, 2026:</span><br><a href="https://apnews.com/article/russia-ukraine-war-wildberries-attacks-d69c6db025a0ff779db9606b9982b1d9">https://apnews.com/article/russia-ukraine-war-wildberries-attacks-d69c6db025a0ff779db9606b9982b1d9</a></p></li><li><p><span>Bank of Russia, &#8220;Bank of Russia cuts the key rate by 25 bp to 14.00% p.a.,&#8221; July 24, 2026:</span><br><a href="https://www.cbr.ru/eng/press/pr/?file=24072026_133000key_e.htm">https://www.cbr.ru/eng/press/pr/?file=24072026_133000key_e.htm</a></p></li><li><p><span>Bank of Russia, &#8220;Balance of Payments &#8212; Estimate, May 2026,&#8221; updated July 15, 2026:</span><br><a href="https://www.cbr.ru/eng/statistics/macro_itm/external_sector/pb/bop-eval/">https://www.cbr.ru/eng/statistics/macro_itm/external_sector/pb/bop-eval/</a></p></li><li><p><span>Nektorov, Saveliev and Partners, &#8220;List of Property Seized in Favor of the Russian Federation in Recent Years,&#8221; June 27, 2025:</span><br><a href="https://www.nsplaw.com/backend/media/filer_public/92/d6/92d610fe-10ee-424d-8ce8-9e9786f0d930/nsp_issledovanie_po_delam_o_natsionalizatsii.pdf">https://www.nsplaw.com/backend/media/filer_public/92/d6/92d610fe-10ee-424d-8ce8-9e9786f0d930/nsp_issledovanie_po_delam_o_natsionalizatsii.pdf</a></p></li><li><p><span>Reuters, &#8220;&#8216;Fortress Russia&#8217; has seized $50 billion in assets over three years, research shows,&#8221; July 9, 2025:</span><br><a href="https://uk.finance.yahoo.com/news/fortress-russia-confiscated-50-billion-063204888.html">https://uk.finance.yahoo.com/news/fortress-russia-confiscated-50-billion-063204888.html</a></p></li><li><p><span>UN Trade and Development, &#8220;World Investment Report 2025: International Investment in the Digital Economy,&#8221; Annex Table 1, June 19, 2025:</span><br><a href="https://unctad.org/publication/world-investment-report-2025">https://unctad.org/publication/world-investment-report-2025</a></p></li><li><p><span>Reuters, &#8220;Russia&#8217;s flagship economic forum offers scant hope of foreign investment revival,&#8221; June 19, 2025:</span><br><a href="https://uk.finance.yahoo.com/news/russias-flagship-economic-forum-offers-124039148.html">https://uk.finance.yahoo.com/news/russias-flagship-economic-forum-offers-124039148.html</a></p></li><li><p><span>Centre for Eastern Studies, &#8220;Putin&#8217;s elite divides the spoils in Russia: Large-scale nationalisation and re-privatisation of assets,&#8221; September 1, 2025:</span><br><a href="https://www.osw.waw.pl/en/publikacje/osw-commentary/2025-09-01/putins-elite-divides-spoils-russia-large-scale-nationalisation">https://www.osw.waw.pl/en/publikacje/osw-commentary/2025-09-01/putins-elite-divides-spoils-russia-large-scale-nationalisation</a></p></li><li><p><span>Centre for Eastern Studies, &#8220;The Kremlin&#8217;s Loyal Praetorians,&#8221; February 27, 2026:</span><br><a href="https://www.osw.waw.pl/en/publikacje/point-view/2026-02-27/kremlins-loyal-praetorians">https://www.osw.waw.pl/en/publikacje/point-view/2026-02-27/kremlins-loyal-praetorians</a></p></li><li><p><span>Bank of Russia, &#8220;Growth of corporate portfolio slows in June, while mortgage lending accelerates,&#8221; July 17, 2026:</span><br><a href="https://www.cbr.ru/eng/press/event/?id=32712">https://www.cbr.ru/eng/press/event/?id=32712</a></p></li></ol>]]></content:encoded></item><item><title><![CDATA[Why the Next Threat Is Already Inside the Kremlin ]]></title><description><![CDATA[Locked in underground bunkers and fed sanitized war updates by terrified aides, Putin didn't build a shield. He trapped himself in a system that manages him instead of protecting him.]]></description><link>https://jasonjaysmart.substack.com/p/the-gatekeepers-running-the-kremlin</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/the-gatekeepers-running-the-kremlin</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Tue, 28 Jul 2026 18:35:47 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!QGdE!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>Vladimir Putin leads a massive security state; however, it has limitations: Putin&#8217;s world is shrinking. Ukrainian drones have cut down his travel options, sharpening a long-held paranoia about betrayal. As his fears spread, he has pulled his inner circle in tight and spends most of his time isolated in underground bunkers, detached from life on the ground.</span></p><div class="pullquote"><p><strong><span>But Putin being permanently &#8220;below ground&#8221; is exactly what many of his &#8220;friends&#8221; may prefer.</span></strong></p></div><p><span>Anyone coming near the aging dictator faces endless security checks: Staff is monitored constantly, and any device with an internet connection is banned. While these rules might keep outside threats away, they leave Putin completely dependent on a handful of aides who decide what he sees and where he goes.</span></p><p><span>Just how vulnerable this setup is became obvious on June 24, 2023, during Yevgeniy Prigozhin&#8217;s push toward Moscow. Wagner mercenaries walked right into Russia&#8217;s military headquarters in Rostov-on-Don and drove within 200 miles (350 kilometers) of the Russian capital. The National Guard (Rosgvardia), the police, and regular army units all failed to hold the line.</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!QGdE!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!QGdE!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 424w, https://substackcdn.com/image/fetch/$s_!QGdE!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 848w, https://substackcdn.com/image/fetch/$s_!QGdE!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 1272w, https://substackcdn.com/image/fetch/$s_!QGdE!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!QGdE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif" width="1456" height="874" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:874,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:103678,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/avif&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/208869751?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!QGdE!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 424w, https://substackcdn.com/image/fetch/$s_!QGdE!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 848w, https://substackcdn.com/image/fetch/$s_!QGdE!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 1272w, https://substackcdn.com/image/fetch/$s_!QGdE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffa75d515-f0ca-4765-a991-401ce06dfbc2_1900x1140.avif 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Yevgeny Prigozhin poses inside a military vehicle with a supporter at the Southern Military District headquarters in Rostov-on-Don, Russia.</em></p><div class="pullquote"><p><strong><span>During the advance, Russian commanders faced a brutal calculation. Fight Prigozhin, and you die if he wins. Join him, and you face a firing squad if Putin survives. So most generals simply waited. They watched an armed mob capture a strategic war room and roll straight up the highway.</span></strong></p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p><span>This paralysis was built into the system by design. Putin spent decades splitting military power among rival institutions to stop anyone from getting strong enough to challenge him. Rosgvardia keeps the regular army in check, intelligence agencies spy on one another, and Kremlin cliques guard their own turf. That balance holds as long as the boss looks untouchable. But the moment his survival comes into question, every faction stops protecting the president and pivots to saving itself.</span></p><div class="pullquote"><p><strong><span>Putin built a system run on pure self-interest, then seemed shocked when no one was willing to put his interest before their own.</span></strong></p></div><p><span>Paradoxically, even after Rosgvardia froze during the march, Putin responded by handing those same troops heavier firepower. National Guard chief Viktor Zolotov announced his men would receive tanks and heavy artillery to block future uprisings. But extra armor changes nothing if the crew inside is waiting to see who wins before pulling the trigger.</span></p><div class="pullquote"><p><strong><span>Tanks can block a road, but they cannot buy loyalty from commanders who are unsure who will be running the Kremlin by nightfall.</span></strong></p></div><p><span>The same guards keeping Putin isolated also decide what reaches his desk. They manage his schedules, filter his briefings, and dictate his reality. Heavy casualties on the front lines get softened into minor bumps, while minor tactical wins get trumpeted as monumental victories.</span></p><div class="pullquote"><p><strong><span>Putin still gives the commands, but he is running a war using a map drawn by men who lie to keep their jobs. Increasingly, Putin&#8217;s own statements show that the world he lives in is one painted for him by deceitful men who are interested in self-enrichment and self-preservation: Not what happens to Vladimir Putin.</span></strong></p></div><p><span>Every new barrier Putin builds around himself hands more authority to the few people left in the room. Bodyguards control his routine, while advisors filter his mind. Wagner proved that stacking up armor and bodyguards cannot save a paranoid regime.</span></p><div class="pullquote"><p><strong><span>Putin engineered a state where no single rival could ever gather enough force to overthrow him, but when his authority faced its ultimate test, that exact setup left him completely alone in a room full of men waiting for him to fall.</span></strong></p></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[When the Next Coup Comes, Russia’s Generals Will Just Watch]]></title><description><![CDATA[By executing Prigozhin and demanding total sycophancy, Putin traded a short-term coup risk for guaranteed, total paralysis during the regime's next existential shock.]]></description><link>https://jasonjaysmart.substack.com/p/when-the-next-coup-comes-russias</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/when-the-next-coup-comes-russias</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Tue, 28 Jul 2026 12:56:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!ptEa!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>On June 24, 2023, a state-funded military force seized the command center, in Rostov, Russia, that directs the war against Ukraine, shot down Russian aircraft, killed over a dozen servicemen, and drove within 125 miles of Moscow. Prigozhin stopped his column by evening not because Russian forces defeated him, but because he accepted a deal.[1]</p><div class="pullquote"><p>Calling Wagner an independent private company simply repeats the fiction Moscow built to hide its hand abroad. Following the mutiny, the Kremlin dismantled Wagner&#8217;s command, redistributed its troops, and forced fighters to swear new oaths of allegiance.</p></div><blockquote><p>This, however, does not address the Kremlin&#8217;s more fundamental problem: Russian institutions still compete rather than coordinate, and when a crisis hits, officials still wait to see who wins before risking anything for the state.</p></blockquote><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ptEa!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ptEa!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ptEa!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ptEa!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ptEa!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ptEa!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Russia says it confirmed Wagner leader Prigozhin died in a plane crash&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Russia says it confirmed Wagner leader Prigozhin died in a plane crash" title="Russia says it confirmed Wagner leader Prigozhin died in a plane crash" srcset="https://substackcdn.com/image/fetch/$s_!ptEa!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ptEa!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ptEa!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ptEa!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5f47d4e3-8081-45f0-b419-169ee6544569_4223x2815.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Undoubtedly, Prigozhin&#8217;s good looks played a key role in his rise to power.</em></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p><strong>The regime waited to see who would win</strong></p><p>More impressive than the distance that Wagner travelled, during its mutiny, was the absence of resistance: Prigozhin&#8217;s forces seized Rostov-on-Don, occupied the Southern Military District headquarters, and moved north along the M-4 highway while most of Russia&#8217;s military and security apparatus stood aside.[2]</p><div class="pullquote"><p>Every commander faced the same calculation. Choosing Wagner could be fatal if Putin survived, while defending Putin could be fatal if Prigozhin prevailed.</p></div><p>No major institutional defection was needed: Collective hesitation gave a rebelling armed formation control of a critical military headquarters and an open road toward Moscow.</p><blockquote><p>Beneath Putin&#8217;s supposed &#8220;power vertical&#8221; sits a collection of military organizations, security agencies, regional authorities, business networks, and armed formations competing for money, access, and presidential favour. Rather than build one disciplined chain of command, Putin has repeatedly balanced coercive institutions against one another and prevented any single body from dominating the rest.[3]</p></blockquote><p>This competitive setup protects the president in normal times, as every faction relies on him to settle disputes and restrain its rivals. In a sudden crisis, however, that same design breeds hesitation. Commanders stall to see whether the Kremlin still has the power to reward loyalty or punish inaction.</p><blockquote><p>Wagner exposed the flaw in this arrangement: When Putin&#8217;s authority wavered, his institutions did not rally to defend him. They simply waited to see who would win.</p></blockquote><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!AAbc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!AAbc!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 424w, https://substackcdn.com/image/fetch/$s_!AAbc!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 848w, https://substackcdn.com/image/fetch/$s_!AAbc!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!AAbc!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!AAbc!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg" width="600" height="400" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:400,&quot;width&quot;:600,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Timeline: What Led to the Standoff Between Russia and Prigozhin - The New  York Times&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Timeline: What Led to the Standoff Between Russia and Prigozhin - The New  York Times" title="Timeline: What Led to the Standoff Between Russia and Prigozhin - The New  York Times" srcset="https://substackcdn.com/image/fetch/$s_!AAbc!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 424w, https://substackcdn.com/image/fetch/$s_!AAbc!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 848w, https://substackcdn.com/image/fetch/$s_!AAbc!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!AAbc!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1ba903dd-ded6-4066-9dec-bedc1c1c01f4_600x400.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Senior Russian military officials in Rostov had coffee with Prigozhin - they did not arrest their wayward colleague.</em></p><p></p><p><strong>Wagner was Russian state power in private disguise</strong></p><blockquote><p>Calling Wagner a private military company obscures how it actually operated. On paper, it was neither a ministry nor an official branch of the armed forces.</p><p>In practice, the Russian state financed, armed, transported, and protected the group while deploying it in direct service of Kremlin policy. Across Ukraine, Syria, Libya, Sudan, Mali, and the Central African Republic, Wagner supported Russian military operations, propped up allied governments, secured natural resources, and expanded Moscow&#8217;s reach.</p></blockquote><p>The U.S. Treasury Department formally designated Wagner as a Russian Ministry of Defense proxy, documenting its role in fueling violence, suppressing democratic movements, and seizing foreign resources.[4] Putin later admitted this financial connection directly.</p><div class="pullquote"><p>&#8220;We fully financed this group from the Defense Ministry, from the state budget.</p><p>-Vladimir Putin</p></div><p>According to the Russian dictator, the Russian state spent roughly $1 billion on Wagner salaries and bonuses between May 2022 and May 2023 alone.[5] Yet official backing extended far beyond funding.</p><p>Wagner fighters trained at state military facilities, used government transport and heavy weapons, fought alongside regular troops, recruited from Russian prisons, and operated with total immunity from domestic laws banning mercenary activity. Plausible deniability was not an accident of this arrangement; it was the primary goal.</p><div class="pullquote"><p>Treating Wagner as separate from the Russian state does more than mislabel the group. It allows Moscow to claim the strategic rewards while offloading blame for atrocities, resource theft, and political chaos onto a supposedly private actor.</p><p>Operationally, Wagner was not an alternative to Russian state action. It was one of the ways the Russian state acted.</p></div><p></p><p><strong>Prigozhin marched to save his army</strong></p><p>On June 10, a Ministry of Defense directive directly threatened Prigozhin&#8217;s leverage. It required all volunteer formations to sign military contracts by July 1, effectively absorbing Wagner into the regular armed forces.[6]</p><p>Facing the loss of his power base, Prigozhin refused. He later stated that Wagner &#8220;was supposed to cease to exist on July 1&#8221; and described the march as an attempt to save his organization.[7]</p><p>Prigozhin also framed the operation as a strike against top military leaders. For months, he had publicly attacked Defense Minister Sergei Shoigu and Chief of the General Staff Valery Gerasimov, accusing them of withholding ammunition, hiding losses, and sacrificing troops through incompetence.</p><p>On June 23, Prigozhin claimed Russian forces had struck a Wagner camp. Shortly after, his troops seized the Southern Military District headquarters in Rostov-on-Don, a vital command center for the war in Ukraine.</p><p>As Wagner advanced, its forces shot down an Il-22M airborne command post and several helicopters, including a Ka-52 attack aircraft. Open-source evidence confirmed the losses, and Russian sources verified that 10 crew members died aboard the Il-22M alongside several pilots.[8]</p><div class="pullquote"><p>Although Prigozhin denied trying to overthrow Putin, his actions fit a mutiny rather than a coup. His forces made no attempt to declare a rival government or seize executive power.</p></div><p>Preserving Wagner&#8217;s independence was the immediate goal, but he chose armed force to achieve it. Whatever Prigozhin called it, an armed creation of the Russian state used violence to try to force political and military changes.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p><strong>Armed coercion exposed the state&#8217;s weakness</strong></p><p>Article 279 of Russia&#8217;s Criminal Code defines armed revolt as an attempt to forcibly alter the constitutional system or violate territorial integrity.[9] Wagner fighters met that threshold by occupying military facilities, seizing a regional command center, blocking federal units, shooting down state aircraft, and driving a heavily armed column toward Moscow.</p><p>Regardless of Prigozhin&#8217;s ultimate intent, his actions displaced the state&#8217;s chain of command and used military power to demand political decisions.</p><p>The Federal Security Service opened an Article 279 criminal case against Prigozhin on June 23, a move the Prosecutor General confirmed as lawful and justified.[10] Subsequent negotiations did not erase conduct that Russia&#8217;s own institutions had formally classified as rebellion.</p><div class="pullquote"><p>Describing this as a conflict between the government and an independent mercenary firm ignores the essential truth: An armed creation of the Russian government turned its weapons against the system that created it.</p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p><strong>Putin destroyed Wagner, not the vulnerability</strong></p><p>Two months later, Prigozhin died in a plane crash north of Moscow. The Kremlin quickly tightened its grip: Rosgvardia, Russia&#8217;s National Guard, received legal authority to operate heavy military equipment, while all irregular formations were ordered to swear allegiance to the state.[11]</p><p><em>Russian commanders took the lesson to heart. The safest course became strict obedience, hiding bad news, and avoiding personal responsibility.</em></p><p>Performative loyalty protects Putin while his authority remains unchallenged, but it creates institutions that stifle initiative and freeze when a crisis makes the outcome uncertain.[12] Eliminating Wagner removed a specific challenger, but it left intact the rivalry, mistrust, and personal dependence that enabled the mutiny in the first place.</p><p>The next rupture might not feature mercenaries on the M-4 highway. It could start with a battlefield disaster, a political succession crisis, or a direct clash between competing security agencies. Factions could declare loyalty to Russia, or even to Putin himself, while turning their weapons on rival services.</p><p>An outbreak of violence would not require a revolution or an ideological shift. Institutional survival alone could drive one armed agency to attack another.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p></p><p><strong>Putin cannot solve the problem he created</strong></p><p>Sustaining a prolonged war requires military commanders who can take initiative, solve problems, and exercise authority without constant oversight. However, protecting Putin&#8217;s personal rule demands the exact opposite: His security depends on preventing those same commanders from building independent followings, political influence, or private networks of force.</p><p>In quiet times, rival institutions depend on the president to settle their disputes. In a crisis, those same divisions leave the regime undefended while its armed factions wait to see who comes out on top.</p><div class="pullquote"><p>Next time, public declarations of loyalty will not decide the outcome. The player who convinces Russia&#8217;s armed institutions that he is winning will determine whether Putin survives.</p></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p><strong>Footnotes</strong></p><p>[1] Prigozhin&#8217;s account of Wagner stopping approximately 200 kilometres from Moscow and accepting a negotiated settlement:</p><p>https://novayagazeta.eu/en/articles/2023/06/26/we-did-not-want-to-spill-russian-blood-prigozhin-makes-statement-on-wagner-groups-mutiny-attempt-en</p><p>[2] Analysis of Wagner&#8217;s advance, the limited response from Russian security institutions, and the damage inflicted on Putin&#8217;s authority:</p><p>https://carnegieendowment.org/russia-eurasia/politika/2023/06/band-aid-politics-how-the-kremlin-is-dealing-with-the-fallout-from-prigozhins-mutiny</p><p>https://www.chathamhouse.org/2023/06/putin-has-limited-options-after-prigozhin-mutiny</p><p>[3] Analysis of Putin&#8217;s balancing of competing security institutions and personal control over Russia&#8217;s coercive apparatus:</p><p>https://carnegieendowment.org/posts/2016/04/putins-national-guard-gambit</p><p>[4] United States and European Union descriptions of Wagner as a Russian Ministry of Defence or Kremlin proxy involved in destabilization, violence, resource exploitation, and interference abroad:</p><p>https://home.treasury.gov/news/press-releases/sm1058</p><p>https://home.treasury.gov/news/press-releases/jy1502</p><p>https://home.treasury.gov/news/press-releases/jy2164</p><p>https://www.consilium.europa.eu/en/press/press-releases/2021/12/13/eu-imposes-restrictive-measures-against-the-wagner-group/</p><p>https://www.congress.gov/crs_external_products/IF/HTML/IF12344.web.html</p><p>[5] Vladimir Putin&#8217;s statement that the Russian government fully financed Wagner:</p><p>https://tass.com/defense/1639345/amp</p><p>[6] Ministry of Defence announcement requiring volunteer formations to sign contracts by July 1:</p><p>https://www.interfax-russia.ru/specoperaciya-na-ukraine/dobrovolcheskie-formirovaniya-do-1-iyulya-podpishut-kontrakty-s-minoborony-rf-eto-pridast-im-neobhodimyy-pravovoy-status</p><p>[7] Prigozhin&#8217;s explanation of Wagner&#8217;s objectives:</p><p>https://www.aljazeera.com/news/2023/6/27/in-his-own-words-wagner-chief-prigozhin-on-the-moscow-mutiny</p><p>https://novayagazeta.eu/en/articles/2023/06/26/we-did-not-want-to-spill-russian-blood-prigozhin-makes-statement-on-wagner-groups-mutiny-attempt-en</p><p>[8] Open-source documentation of Russian aircraft losses during the mutiny:</p><p>https://dfrlab.org/2023/12/21/documenting-equipment-losses-from-the-2023-wagner-mutiny/</p><p>https://www.oryxspioenkop.com/2023/06/chefs-special-documenting-equipment.html</p><p>[9] Article 279 of the Russian Criminal Code in Russian and English:</p><p>https://rg.ru/documents/2007/11/12/ukrf-dok.html</p><p>https://www.wipo.int/wipolex/en/legislation/details/17946</p><p>[10] Russian Prosecutor General&#8217;s Office statement announcing the Article 279 criminal case against Prigozhin:</p><p>https://epp.genproc.gov.ru/ru/gprf/mass-media/news/main/e473871/</p><p>[11] Russian legislation authorizing Rosgvardia to use heavy military equipment and requiring designated irregular formations to swear allegiance:</p><p>https://rg.ru/2023/08/04/putin-dal-pravo-rosgvardii-vooruzhitsia-voennoj-tehnikoj.html</p><p>https://rg.ru/documents/2023/08/28/document-ukaz-prezidenta.html</p><p>[12] Analysis of command incentives, loyalty, and the post-mutiny crisis in Russian civil-military relations:</p><p>https://carnegieendowment.org/russia-eurasia/politika/2023/08/suspensions-detentions-and-mutinies-the-growing-gulf-in-russias-civil-military-relations/</p>]]></content:encoded></item><item><title><![CDATA[Why Putin Armed the Guards Who Failed Him]]></title><description><![CDATA[Vladimir Putin rewarded the internal security forces that failed to stop a coup with heavy weapons and laid the groundwork for a brutal succession crisis.]]></description><link>https://jasonjaysmart.substack.com/p/putins-340000-troop-mistake-in-moscow</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/putins-340000-troop-mistake-in-moscow</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Mon, 27 Jul 2026 19:42:48 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!EO1z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>On June 24, 2023, an armed column seized Russia&#8217;s Southern Military District headquarters in Rostov-on-Don and began driving toward Moscow. The Institute for the Study of War (ISW) found no reports or footage showing the Russian National Guard (Rosgvardia) engaging Wagner during the uprising. Yevgeny Prigozhin&#8217;s forces crossed into Lipetsk Oblast and came within approximately 330 kilometres (205 miles) of the capital before he accepted a negotiated settlement and ordered them to turn around.[1] Prigozhin&#8217;s retreat saved Putin from a threat his internal-security forces had failed to defeat.</span></p><div class="pullquote"><p><strong><span>Rather than punish Rosgvardia for failing its first serious test, the Kremlin upgraded it.</span></strong></p></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!EO1z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!EO1z!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 424w, https://substackcdn.com/image/fetch/$s_!EO1z!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 848w, https://substackcdn.com/image/fetch/$s_!EO1z!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 1272w, https://substackcdn.com/image/fetch/$s_!EO1z!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!EO1z!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif" width="1080" height="608" 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srcset="https://substackcdn.com/image/fetch/$s_!EO1z!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 424w, https://substackcdn.com/image/fetch/$s_!EO1z!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 848w, https://substackcdn.com/image/fetch/$s_!EO1z!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 1272w, https://substackcdn.com/image/fetch/$s_!EO1z!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbfad05fc-33a0-44f5-90ce-5770b3b56fa2_1080x608.avif 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Wagner Group mercenaries occupy a central intersection in Rostov-on-Don during the June 24, 2023 mutiny.</em></p><p><span>Created in 2016, Rosgvardia combined Interior Ministry troops with riot police, special-response units, aviation, and other armed formations. Unlike the regular military, it answered directly to the president. Within its first operational year, the organization had 340,000 personnel and 84 territorial bodies across Russia.[2] Wagner exposed the limit of that structure when thousands of experienced fighters arrived with military vehicles, air defences, and artillery. Viktor Zolotov, Rosgvardia&#8217;s commander and Putin&#8217;s former bodyguard, could argue that his men had been expected to stop an army without possessing comparable weapons. By May 2024, he said Rosgvardia had received 36 tanks, was taking delivery of artillery and mortars, and had formed three regiments operating in occupied Donetsk.[3]</span></p><div class="pullquote"><p><strong><span>Failure turned Putin&#8217;s internal-security service into something increasingly resembling a second army.</span></strong></p></div><div id="youtube2-6PHpSYJ_hZA" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;6PHpSYJ_hZA&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/6PHpSYJ_hZA?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p><em>Check out the YouTube and be sure to Subscribe now! You will be happy you did!</em></p><p><span>On February 11, 2026, Putin established Rosgvardia&#8217;s Main Staff as its principal military command body. Under the decree, intelligence, operational planning, combat deployment, mobilization readiness, communications, and troop control moved beneath a centralized headquarters responsible for operations in peace and war.[4] Proposed amendments published in July would also require advance preparations to protect and evacuate Rosgvardia personnel, civilian employees, and their families during mobilization, martial law, and wartime.[5]</span></p><div class="pullquote"><p><strong><span>Although the draft does not order a mobilization, it shows the force preparing its personnel and command system for a wider crisis. Tanks gave Rosgvardia the firepower of an army; the Main Staff gave it the means to act like one.</span></strong></p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p><span>Each Ukrainian strike inside Russia gives Zolotov another reason to demand more power. During a July 27 drone attack on Belgorod, 13 people were reportedly wounded, buildings and vehicles were damaged, fires broke out, and local utilities were disrupted. Meduza, citing a local Telegram channel, reported that one drone fell near the regional headquarters of the Federal Security Service (FSB), although the report did not establish that the building was struck.[6] Military air defence can blame an intelligence failure. Federal Security Service officials can fault regional authorities. Regional leaders can accuse the military of leaving them exposed.</span></p><div class="pullquote"><p><strong><span>Zolotov can point to all three and demand more personnel, authority, and weapons: Every failure by a rival institution strengthens his own.</span></strong></p></div><p><span>That competition lies at the centre of Putin&#8217;s system. Russia&#8217;s military commands the country&#8217;s largest armed formations. Surveillance, investigations, arrests, and compromising files remain under the FSB. Nationwide armed units reporting directly to the president belong to Rosgvardia. So long as Putin can settle disputes among them, overlapping authority prevents any institution from becoming powerful enough to challenge him. Once illness, death, military collapse, or a disputed succession removes that arbiter, formal titles will matter less than the ability to enforce orders in Moscow.</span></p><div class="pullquote"><p><strong><span>Constitutional rules may describe how power transfers, but armed institutions decide whether anyone obeys them.</span></strong></p></div><p><span>Rosgvardia already holds the ground that matters. While the regular military remains tied down in Ukraine and the FSB lacks the manpower to enforce its orders, Putin&#8217;s internal force sits stationed around every major city, ministry, and transit route.</span></p><div class="pullquote"><p><strong><span>In a sudden succession crisis, official titles will mean nothing compared to physical control over the capital. Putin created a force to keep armed men away from the Kremlin. He ended up building the only force capable of freely entering whenever it wants - with whomever it wants.</span></strong></p></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h3>Footnotes</h3><p>[1] The Institute for the Study of War reported no footage or evidence showing Rosgvardia units engaging Wagner during the June 2023 uprising, placed Wagner forces approximately 330 kilometres (205 miles) from Moscow before the negotiated settlement, and later assessed that the Kremlin appeared to be consolidating more of its internal-security apparatus around Rosgvardia.</p><p><a href="https://www.criticalthreats.org/analysis/russian-offensive-campaign-assessment-june-24-2023">https://www.criticalthreats.org/analysis/russian-offensive-campaign-assessment-june-24-2023</a><br><a href="https://www.pravda.com.ua/news/2023/07/26/7412902/">https://www.pravda.com.ua/news/2023/07/26/7412902/</a></p><p>[2] An official Rosgvardia interview published after the agency&#8217;s first year states that it had 340,000 personnel and 84 territorial bodies, while the organization&#8217;s official history records its creation, direct subordination to the president, and formation from Interior Ministry troops and police units.</p><p><a href="https://rosguard.gov.ru/news/article/v-zhurnale-voennyj-N4-opublikovano-intervyu-direktora-rosgvardii-generala-armii-viktora-zolotova">https://rosguard.gov.ru/news/article/v-zhurnale-voennyj-N4-opublikovano-intervyu-direktora-rosgvardii-generala-armii-viktora-zolotova</a><br><a href="https://78.rosguard.gov.ru/page/index/istoriya">https://78.rosguard.gov.ru/page/index/istoriya</a></p><p>[3] Zolotov said Rosgvardia had received 36 tanks, was receiving artillery and mortars, and had formed three regiments operating in occupied Donetsk.</p><p><a href="https://www.vedomosti.ru/politics/news/2024/05/14/1037085-zolotov-rosgvardiya">https://www.vedomosti.ru/politics/news/2024/05/14/1037085-zolotov-rosgvardiya</a><br><a href="https://www.interfax.ru/russia/960409">https://www.interfax.ru/russia/960409</a></p><p>[4] Presidential Decree No. 63 established Rosgvardia&#8217;s Main Staff and assigned it responsibility for troop command, intelligence, operational deployment, combat and mobilization readiness, communications, and related command functions.</p><p><a href="https://www.kremlin.ru/acts/bank/52947/print">https://www.kremlin.ru/acts/bank/52947/print</a></p><p>[5] Draft amendments published on July 21, 2026, would add explicit references to mobilization, martial law, and wartime dangers to Rosgvardia&#8217;s civil-defence preparations, including provisions for protecting and evacuating personnel, civilian employees, and family members.</p><p><a href="https://meduza.io/news/2026/07/21/rosgvardiya-budet-zaranee-gotovitsya-k-mobilizatsii-i-voennomu-polozheniyu">https://meduza.io/news/2026/07/21/rosgvardiya-budet-zaranee-gotovitsya-k-mobilizatsii-i-voennomu-polozheniyu</a></p><p>[6] Meduza described 13 casualties, residential damage, fires, damage involving more than 15 vehicles, utility disruptions, and a drone falling near the regional FSB headquarters, without reporting a confirmed strike on that building.</p><p><a href="https://meduza.io/news/2026/07/27/belgorod-atakovali-ukrainskie-bespilotniki-v-gorode-povrezhdeny-doma-raneny-12-chelovek">https://meduza.io/news/2026/07/27/belgorod-atakovali-ukrainskie-bespilotniki-v-gorode-povrezhdeny-doma-raneny-12-chelovek</a></p>]]></content:encoded></item><item><title><![CDATA["There Has Been a Force Majeure..."]]></title><description><![CDATA[The hidden reality of how daily life in Ukraine can shatter in a single second.]]></description><link>https://jasonjaysmart.substack.com/p/there-has-been-a-force-majeure</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/there-has-been-a-force-majeure</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sat, 25 Jul 2026 10:12:06 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!yAL-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd71f56f5-c1a3-4363-9a37-61c2a65c9c6b_480x320.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Kyiv operates on a terrifying psychological trap. It lets you drink coffee in a sunlit caf&#233; minutes before a ballistic missile levels a city block. <em>Outsiders picture war as an uninterrupted nightmare of mud and artillery smoke, but the reality is far more sinister. It is an illusion of complete civil order that holds right up to the millisecond it shatt&#8230;</em></p>
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          <a href="https://jasonjaysmart.substack.com/p/there-has-been-a-force-majeure">
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   ]]></content:encoded></item><item><title><![CDATA[Bayonets Are Replacing Bureaucracy in Moscow  ]]></title><description><![CDATA[Putin built Rosgvardiya to crush protests, but it has quietly expanded to control Russian elections, courts, and regional power.]]></description><link>https://jasonjaysmart.substack.com/p/tanks-for-the-home-front-rosgvardiyas</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/tanks-for-the-home-front-rosgvardiyas</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Fri, 24 Jul 2026 21:29:24 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!2J8k!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>In 2016, Vladimir Putin created the Russian National Guard (Rosgvardia) to shield his regime from unrest, mutiny, and elite betrayal. He consolidated internal troops, riot police, special units, aviation, weapons regulation, and critical infrastructure defense into a single institution reporting directly to the president. Command went to Viktor Zolotov, Putin&#8217;s former bodyguard, as it was never a routine police service; it fused military firepower, domestic repression, and regulatory authority under one commander personally loyal to Putin. [1]</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!2J8k!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!2J8k!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 424w, https://substackcdn.com/image/fetch/$s_!2J8k!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 848w, https://substackcdn.com/image/fetch/$s_!2J8k!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 1272w, https://substackcdn.com/image/fetch/$s_!2J8k!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!2J8k!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif" width="1456" height="874" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:874,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:203664,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/avif&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/208344739?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!2J8k!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 424w, https://substackcdn.com/image/fetch/$s_!2J8k!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 848w, https://substackcdn.com/image/fetch/$s_!2J8k!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 1272w, https://substackcdn.com/image/fetch/$s_!2J8k!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d3f2b51-ba41-44e9-880f-2623a7ab0d89_1900x1140.avif 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Putin built a praetorian army to guard the Kremlin, and now it governs Russia. (Credit: Alexander Nemenov/AFP)</em></p><p>Though built to defend the regime, Rosgvardiya has become a praetorian force capable of overriding civilian authority whenever elections, courts, or property rights obstruct the Kremlin. Its expansion reflects a fundamental shift inside Russia: armed institutions now decide which civilian structures retain power and which are expendable. Rosgvardiya is the muscle behind a system that no longer trusts politics, law, or property to secure Putin&#8217;s rule.</p><div id="youtube2-wFgcapLCMMk" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;wFgcapLCMMk&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/wFgcapLCMMk?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p><em>Check out the YouTube and be sure to Subscribe now! You will be happy you did!</em></p><div class="pullquote"><p><strong><span>The Wagner rebellion accelerated Rosgvardiya&#8217;s transformation into a domestic army. Three days after the June 2023 mutiny, Zolotov demanded tanks and heavy weaponry. By May 2024, the force had received 36 tanks alongside artillery and mortars; by September 2025, it operated dedicated tank units, anti-tank guns, self-propelled artillery, and rocket launchers. [2]</span></strong></p></div><p><span>Zolotov also claimed its artillery had executed over 60,000 combat missions in Ukraine. Meanwhile, a 2023 law and a February 2025 order authorized the force to recruit, contract, and command its own volunteer formations. [3] Rosgvardiya now commands armor, heavy artillery, aviation, irregular units, and nationwide coercive power.</span></p><p><span>These capabilities far exceed riot control. They give Putin an internal army engineered to crush organized domestic resistance: whether from military factions, regional power centers, oligarchs, or rival security blocs. What began as a force to suppress street protests is now built to liquidate challenges from within the regime itself.</span></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><h4><span>Security Chiefs Challenging Civilian Politics</span></h4><p><span>Rosgvardiya&#8217;s influence extends far beyond weapons and manpower. In June 2026, Meduza reported that FSB leaders and Zolotov lobbied Putin to postpone September&#8217;s parliamentary elections, citing a weakening economy, Ukrainian drone strikes, and United Russia&#8217;s approval slumping toward 35% - or lower. [4]</span></p><p><span>Sergei Kiriyenko, Alexei Gromov, and Dmitry Medvedev reportedly opposed the delay, with Putin ultimately favoring the scheduled vote. Kremlin spokesman Dmitry Peskov denied any postponement, and the Central Election Commission registered United Russia&#8217;s candidate list on July 21.[4] Though the vote remained on track, the dispute exposed a fundamental power struggle over who actually governs Russia.</span></p><p><span>Kiriyenko&#8217;s political apparatus relies on staged elections to manufacture consent and project civilian legitimacy. Zolotov and the security chiefs countered that even this managed ritual is expendable in times of crisis.</span></p><div class="pullquote"><p><strong><span>The clash was not about scheduling, but whether civilian political management still serves a purpose when armed institutions believe brute force secures the regime far better than politics.</span></strong></p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><h4>Purges Are Replacing Political Protection</h4><p><span>The same logic is spreading through Russia&#8217;s regional governments. At least 28 senior regional officials came under criminal investigation between January 1 and July 25, 2025, with many cases involving contracts for border defenses that later failed.[5] Former Kursk governor Alexei Smirnov and his deputy Alexei Dedov were accused of organizing the theft of at least 1 billion rubles, roughly $12 million at the time, from defenses later breached by Ukrainian forces.</span></p><p><span>The arrests turned military failure into a regional purge. Russian officials learned a brutal rule: yesterday&#8217;s protected loyalist can become today&#8217;s designated culprit when Moscow needs someone to absorb the blame. Governors who once treated Kremlin loyalty as an insurance policy are now expendable administrators who can be removed, prosecuted, or imprisoned after failures that implicate the wider state.</span></p><p><span>Putin&#8217;s old system offered regional elites protection in exchange for obedience. That bargain is collapsing as wartime pressure increases and the Kremlin searches for visible sacrifices. High office still provides access to money and influence, but it no longer provides immunity. Proximity to Putin can now enlarge the target when the regime needs an arrest, a confession, or a scapegoat.</span></p><p><span>Russia&#8217;s security state is not merely arresting officials; it is systematically redistributing wealth. A January 2026 Cedar study identified over 170 Prosecutor General lawsuits targeting business assets between early 2022 and late 2025, with confiscation cases surging to nearly 70 in 2025 alone.[6]</span></p><p><span>Cedar also found that 25 of 204 billionaires on Forbes Russia lists between 2021 and 2023 -- 12% of the country&#8217;s wealthiest figures -- faced nationalization, attempted seizure, or forced sales.[6] Asset expropriation is no longer restricted to disgraced tycoons or isolated disputes; it has become a routine mechanism for wartime wealth transfer.</span></p><p><span>Domodedovo Airport shows how rapidly ownership rights can vanish. Its holding company was transferred to the state after a single substantive hearing. As a Russian lawyer told </span><em><span>Kommersant</span></em><span>, deprivatization suits succeed in favor of the state 99.9% of the time.[6]</span></p><p><span>This is not anti-corruption enforcement. It is an unchecked system where prosecutors and courts strip politically exposed owners of major assets at will.</span></p><div class="pullquote"><p><strong><span>Putin&#8217;s foundational pact with the elite has collapsed: loyalty no longer shields wealth, office no longer buys immunity, and courts offer no defense against state confiscation.</span></strong></p></div><p>Rosgvardiya is the armed nucleus of a broader shift where civilian institutions exist, but exercise authority purely on sufferance. Elections continue until security chiefs deem them risky, governors remain safe until Moscow needs a scapegoat, and private property survives only until prosecutors select it for seizure. Ministries, courts, and regional administrations remain visible, but they operate at the mercy of institutions built on force.</p><div class="pullquote"><p><strong><span>Putin created Rosgvardiya to prevent mutinies and secure his rule, endowing it with tanks, heavy artillery, volunteer formations, and direct presidential oversight. He did not fortify the Russian state; rather, he built a praetorian machine that is systematically eating it away from within.</span></strong></p></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h3>Footnotes</h3><p><span>[1] Rosgvardiya, &#8220;National Guard Troops of the Russian Federation, 2016 to the Present&#8221;:</span><br><a href="https://rosguard.gov.ru/page/index/vojska-nacionalnoj-gvardii-rossijskoj-federacii-2016--g--po-nastoyashhee-vremya">https://rosguard.gov.ru/page/index/vojska-nacionalnoj-gvardii-rossijskoj-federacii-2016--g--po-nastoyashhee-vremya</a></p><p><span>Federal Law No. 226-FZ, Chapter 2, &#8220;Powers of the National Guard&#8221;:</span><br><a href="https://www.consultant.ru/document/cons_doc_LAW_200506/ae7b9b38ff7664a4c6a02be87386eac64fb2ac87/">https://www.consultant.ru/document/cons_doc_LAW_200506/ae7b9b38ff7664a4c6a02be87386eac64fb2ac87/</a></p><p><span>[2] Interfax, &#8220;Rosgvardiya Asked Putin to Provide It With Tanks,&#8221; June 27, 2023:</span><br><a href="https://www.interfax.ru/russia/909159">https://www.interfax.ru/russia/909159</a></p><p><span>Interfax, &#8220;Rosgvardiya Began Receiving Heavy Equipment, Including Tanks and Artillery,&#8221; May 14, 2024:</span><br><a href="https://www.interfax.ru/russia/960409">https://www.interfax.ru/russia/960409</a></p><p><span>Interfax, &#8220;Zolotov Announced the Restoration of Tank Units in Rosgvardiya,&#8221; September 11, 2025:</span><br><a href="https://www.interfax.ru/russia/1046738">https://www.interfax.ru/russia/1046738</a></p><p><span>[3] ConsultantPlus, Federal Law No. 639-FZ on Rosgvardiya Volunteer Formations:</span><br><a href="https://www.consultant.ru/law/hotdocs/83144.html">https://www.consultant.ru/law/hotdocs/83144.html</a></p><p><span>Rosgvardiya, Order No. 59, February 26, 2025:</span><br><a href="https://rosguard.gov.ru/document/article/prikaz-rosgvardii-ot-26-fevralya-2025-g--59">https://rosguard.gov.ru/document/article/prikaz-rosgvardii-ot-26-fevralya-2025-g--59</a></p><p><span>[4] Meduza, &#8220;Security Officials Are Persuading Putin to Postpone the State Duma Elections,&#8221; June 24, 2026:</span><br><a href="https://meduza.io/feature/2026/06/24/siloviki-ubezhdayut-putina-perenesti-dumskie-vybory-utverzhdayut-sobesedniki-meduzy-eta-ideya-stala-populyarnee-posle-ukrainskih-atak-na-moskvu/">https://meduza.io/feature/2026/06/24/siloviki-ubezhdayut-putina-perenesti-dumskie-vybory-utverzhdayut-sobesedniki-meduzy-eta-ideya-stala-populyarnee-posle-ukrainskih-atak-na-moskvu/</a></p><p><span>Rossiyskaya Gazeta, &#8220;Central Election Commission Registered United Russia&#8217;s Federal List,&#8221; July 21, 2026:</span><br><a href="https://rg.ru/2026/07/21/cik-zaregistriroval-federalnyj-spisok-edinoj-rossii-na-vyborah-v-gosdumu.html">https://rg.ru/2026/07/21/cik-zaregistriroval-federalnyj-spisok-edinoj-rossii-na-vyborah-v-gosdumu.html</a></p><p><span>[5] The Moscow Times, &#8220;Dozens of Russian Regional Officials Arrested on Corruption Suspicions in 2025,&#8221; July 25, 2025:</span><br><a href="https://www.themoscowtimes.com/2025/07/25/dozens-of-russian-regional-officials-arrested-on-corruption-suspicions-in-2025-report-a89964">https://www.themoscowtimes.com/2025/07/25/dozens-of-russian-regional-officials-arrested-on-corruption-suspicions-in-2025-report-a89964</a></p><p><span>Kommersant, &#8220;Criminal Cases Connected to Defensive Structures on the Border,&#8221; July 22, 2025:</span><br><a href="https://www.kommersant.ru/doc/7907973">https://www.kommersant.ru/doc/7907973</a></p><p><span>[6] Cedar, &#8220;From Original Sin to War Expropriation: Asset Redistribution in Russia,&#8221; January 2026:</span><br><a href="https://cedarus.io/research/asset-redistribution">https://cedarus.io/research/asset-redistribution</a></p><p><span>Kommersant, &#8220;Deprivatization Disputes End in the State&#8217;s Favor in 99.9% of Cases,&#8221; January 30, 2025:</span><br><a href="https://www.kommersant.ru/doc/7461810">https://www.kommersant.ru/doc/7461810</a></p><p><span>Kommersant, &#8220;Court Transfers Domodedovo Airport to State Ownership,&#8221; June 17, 2025:</span><br><a href="https://www.kommersant.ru/doc/7800399">https://www.kommersant.ru/doc/7800399</a></p>]]></content:encoded></item><item><title><![CDATA[When the Kremlin's Checks Bounce: The Enforcers Become Free Agents]]></title><description><![CDATA[The Russian regime will easily survive a ruined economy, but it will collapse the moment financial exhaustion turns its unpaid enforcers into mercenaries for the highest bidder.]]></description><link>https://jasonjaysmart.substack.com/p/when-the-protection-racket-runs-out</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/when-the-protection-racket-runs-out</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sat, 18 Jul 2026 19:05:24 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!OmjM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>Modern Russia functions through financial patronage rather than public consent, maintaining the loyalty of security officers, military commanders, and bureaucrats through state contracts and privileges. The primary threat to a modern Russian government, such as Putin&#8217;s regime, is a shortage of liquid cash to maintain these payouts.</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!OmjM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!OmjM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 424w, https://substackcdn.com/image/fetch/$s_!OmjM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 848w, https://substackcdn.com/image/fetch/$s_!OmjM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!OmjM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!OmjM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:153367,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/207560351?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!OmjM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 424w, https://substackcdn.com/image/fetch/$s_!OmjM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 848w, https://substackcdn.com/image/fetch/$s_!OmjM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!OmjM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a848124-e476-4ab1-945c-7e9e269b81ef_3840x2160.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>When you&#8217;ve shaken dow&#8230;</em></p>
      <p>
          <a href="https://jasonjaysmart.substack.com/p/when-the-protection-racket-runs-out">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[The Tactical Impossibility of Defending Russia ]]></title><description><![CDATA[Russia has stopped executing actual military strategy and started choosing what to let burn, a brutal calculation that will only get worse with time.]]></description><link>https://jasonjaysmart.substack.com/p/choosing-what-burns-next-russias</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/choosing-what-burns-next-russias</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sat, 18 Jul 2026 07:01:49 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!BSQ7!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Russia&#8217;s vast geography has left it cornered: The Kremlin must shield Moscow, occupied Crimea, military factories, airfields, refineries, ports, rail hubs, strategic bases, and frontline formations across the largest territory on Earth.</p><div class="pullquote"><p><strong><span>Today, the Russian Federation&#8217;s air-defense network cannot protect every target simultaneously, regardless of how urgently commanders need it or how frantically Putin demands it.</span></strong></p></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!BSQ7!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!BSQ7!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 424w, https://substackcdn.com/image/fetch/$s_!BSQ7!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 848w, https://substackcdn.com/image/fetch/$s_!BSQ7!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!BSQ7!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!BSQ7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg" width="930" height="484" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:484,&quot;width&quot;:930,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:57390,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/207523627?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!BSQ7!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 424w, https://substackcdn.com/image/fetch/$s_!BSQ7!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 848w, https://substackcdn.com/image/fetch/$s_!BSQ7!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!BSQ7!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa9f74db8-d687-446b-b2ca-c14c8aa74c6a_930x484.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>Shading his eyes from the glare of his own burning skyline.</em></p>
      <p>
          <a href="https://jasonjaysmart.substack.com/p/choosing-what-burns-next-russias">
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   ]]></content:encoded></item><item><title><![CDATA[The Limits of Russian Loyalty]]></title><description><![CDATA[The real threat to the Kremlin is not an open coup, but a quiet hesitation when direct orders are issued.]]></description><link>https://jasonjaysmart.substack.com/p/when-warlords-disobey-putin</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/when-warlords-disobey-putin</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Tue, 14 Jul 2026 19:29:14 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!ynov!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>After Russia&#8217;s assault on Kyiv collapsed, senior commanders under Chechen leader Ramzan Kadyrov refused an urgent Kremlin order to reinforce Mariupol, forcing Viktor Zolotov to threaten them with desertion charges before they moved, according to reporting in the Russian-language press. Mariupol was central to Russia&#8217;s land corridor across occupied southern Ukraine and offered Moscow a desperately needed victory after its humiliation around Kyiv. As Putin&#8217;s former bodyguard and director of the Russian National Guard, Zolotov formally commanded the institution containing many of these Chechen formations.</span></p><div class="pullquote"><p><strong><span>Even one of Putin&#8217;s top men could secure obedience only by threatening officers inside his own organization with prosecution.</span></strong></p></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ynov!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ynov!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 424w, https://substackcdn.com/image/fetch/$s_!ynov!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 848w, https://substackcdn.com/image/fetch/$s_!ynov!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 1272w, https://substackcdn.com/image/fetch/$s_!ynov!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ynov!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp" width="1200" height="673" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:673,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:199778,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/webp&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/207059311?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ynov!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 424w, https://substackcdn.com/image/fetch/$s_!ynov!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 848w, https://substackcdn.com/image/fetch/$s_!ynov!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 1272w, https://substackcdn.com/image/fetch/$s_!ynov!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc79450fb-2057-4506-81ca-ecc209b054b0_1200x673.webp 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>"The awkward embrace of a dictator realizing his rented loyalty is about to get repossessed."</em></p><p>This confrontation exposed a weakness Putin deliberately built into the Russian state after the Second Chechen War. Following the 1999 apartment bombings, which Moscow blamed on Chechen terrorists, Putin launched a campaign promising to restore federal control over Chechnya. Rather than remain with the Chechen independence movement, Ramzan&#8217;s father, Akhmad Kadyrov, switched sides and backed the Kremlin. Putin rewarded that defection with federal subsidies, political protection, and broad freedom to govern through a family-controlled security system. Stability returned, but Moscow surrendered direct control over much of the armed power maintaining it.</p><div class="pullquote"><p><strong>When a state's supreme security chief must resort to criminal threats just to get his own men to the starting line, it becomes clear that Putin did not conquer Chechnya; he merely leased its loyalty.</strong></p></div>
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          <a href="https://jasonjaysmart.substack.com/p/when-warlords-disobey-putin">
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   ]]></content:encoded></item><item><title><![CDATA[A Civil War Is Tearing Through Putin’s Elite]]></title><description><![CDATA[Russia&#8217;s billionaires are funding the war, losing their empires, and helping destroy rivals as paranoia spreads that soon the Kremlin will turn on them.]]></description><link>https://jasonjaysmart.substack.com/p/putins-civil-war-is-liquidating-russias</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/putins-civil-war-is-liquidating-russias</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Mon, 13 Jul 2026 18:14:53 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Vwbo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76ef9069-5004-4b19-9dc3-bea5890b220a_976x608.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>A vicious internal war is tearing through Putin&#8217;s ruling elite. Billionaires are losing fortunes while powerful officials disappear into prison cells behind closed doors. Kremlin strategists have weaponized arrests and asset confiscations to decide who retains power. Every domestic faction views this chaos as a zero-sum conflict where neutral ground has&#8230;</span></p>
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          <a href="https://jasonjaysmart.substack.com/p/putins-civil-war-is-liquidating-russias">
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   ]]></content:encoded></item><item><title><![CDATA[Putin’s Missing Generation]]></title><description><![CDATA[Putin's Future Condemned: Nine days of Putin&#8217;s war now cost as much as Russia once spent in an entire year trying to save its population.]]></description><link>https://jasonjaysmart.substack.com/p/putins-missing-generation</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/putins-missing-generation</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Sun, 12 Jul 2026 11:55:54 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!JL2i!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14faf518-1427-438e-a89e-fe06f579de43_770x513.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>Russia is engaged in a war against itself that is doing harm from which it will never recover. Consider this: In 2007, the Kremlin began paying Russian families to have more children because the country was running out of people. The maternity subsidy was supposed to produce the workers and taxpayers Russia would need by the 2030s. Now Moscow spends $28&#8230;</span></p>
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   ]]></content:encoded></item><item><title><![CDATA[Stripping the Shields: Inside Russia's Multi-Front Logistics]]></title><description><![CDATA[The brutal data proving Putin's military logistics and strategic defenses are shattering under a relentless deep strike campaign.]]></description><link>https://jasonjaysmart.substack.com/p/the-structural-collapse-of-the-russian</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/the-structural-collapse-of-the-russian</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Fri, 10 Jul 2026 19:05:42 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!6von!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F43e976af-8c66-4cd9-81cc-214839423e64_2200x1459.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>Russia&#8217;s June offensive produced almost no meaningful territorial return: Russian forces seized or infiltrated only 30 km&#178; (12 sq mi), 94% less than during June 2025. From January through June, Russia gained 623 km&#178; (241 sq mi), 72% less than during the same period last year.</span></p><p><span>Ukraine estimated that Russia suffered 39,500 casualties during those 30 days. &#8230;</span></p>
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          <a href="https://jasonjaysmart.substack.com/p/the-structural-collapse-of-the-russian">
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   ]]></content:encoded></item><item><title><![CDATA[How Ukraine Deleted 80 Years of Soviet Strategic Doctrine in One Night  ]]></title><description><![CDATA[Ukraine is taking the war to Russia in a way that shockingly overturns decades of Soviet and Russian strategic planning.]]></description><link>https://jasonjaysmart.substack.com/p/siberia-is-bleeding-the-drone-campaign</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/siberia-is-bleeding-the-drone-campaign</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Tue, 07 Jul 2026 20:36:06 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!xCHN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>For generations, Soviet military doctrine treated geography as an impenetrable shield. Following the massive industrial relocations of World War II, Moscow constructed an entire parallel empire deep within the Siberian interior, anchoring its defense capacity in a network of secret, closed cities known as ZATOs.</span></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xCHN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xCHN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 424w, https://substackcdn.com/image/fetch/$s_!xCHN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 848w, https://substackcdn.com/image/fetch/$s_!xCHN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!xCHN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xCHN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg" width="1200" height="660" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:660,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:456119,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://jasonjaysmart.substack.com/i/205947522?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!xCHN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 424w, https://substackcdn.com/image/fetch/$s_!xCHN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 848w, https://substackcdn.com/image/fetch/$s_!xCHN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!xCHN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0e9b5f31-186f-4678-92c9-1d279961f890_1200x660.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><em>The face you make when the Omsk refinery g&#8230;</em></p>
      <p>
          <a href="https://jasonjaysmart.substack.com/p/siberia-is-bleeding-the-drone-campaign">
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   ]]></content:encoded></item><item><title><![CDATA[Inside The Brutal Financial Executions Rocking Moscow]]></title><description><![CDATA[The world&#8217;s largest gas station is running dry, which has sparked a dark Kremlin civil war.]]></description><link>https://jasonjaysmart.substack.com/p/the-terrifying-institutional-paranoia</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/the-terrifying-institutional-paranoia</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Fri, 03 Jul 2026 18:58:03 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!APf6!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fff226bbc-50be-4768-8acd-b5760ebf034e_1200x630.avif" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><span>Gas station lines are spreading across the provinces, bringing back a kind of panic many Russians associate with the final Soviet years. Ukrainian drone strikes have hit 24 of Russia&#8217;s 33 major refineries, taking a major share of national processing capacity offline. With western Russia running out of untouched refining hubs, the Kremlin is now dependin&#8230;</span></p>
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   ]]></content:encoded></item><item><title><![CDATA[Ukraine Just Moved the War DEEP Inside Russia | Pfarrer & Smart]]></title><description><![CDATA[Navy SEAL Chuck Pfarrer and Jason Smart on the situation in Russia]]></description><link>https://jasonjaysmart.substack.com/p/ukraine-just-moved-the-war-deep-inside</link><guid isPermaLink="false">https://jasonjaysmart.substack.com/p/ukraine-just-moved-the-war-deep-inside</guid><dc:creator><![CDATA[Jason Jay Smart]]></dc:creator><pubDate>Mon, 29 Jun 2026 13:16:47 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/204095698/d9ed2bc9e78964ab46c1ac6cddb16059.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Ukraine is forcing Crimea back to the center of the war. From the Kerch Bridge and vital fuel routes to Black Sea access and the southern front, Moscow faces a single, compounding crisis. The logistics and infrastructure Putin relied on to make Russia&#8217;s occupation feel permanent are being pushed to the breaking point.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://jasonjaysmart.substack.com/subscribe?"><span>Subscribe now</span></a></p><p>Former Navy SEAL and SEAL Team Six commander Chuck Pfarrer joins Jason Smart to break down the escalating pressure on the peninsula. They analyze Russian smoke screens over the bridge, the repositioning of air defenses toward Moscow, Ukrainian drone strikes, and the vulnerabilities in the supply chains keeping the Russian military operational. Moscow is now forced to defend too many vital assets at once, stretching its resources across bridges, energy hubs, and naval lines.</p><p>Ultimately, Crimea is testing Putin&#8217;s actual control over the conflict. By forcing Russia to guard its own infrastructure instead of launching new offensives, Ukraine is transforming a logistical bottleneck into a severe political crisis for the Kremlin.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://jasonjaysmart.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Jason&#8217;s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>Thank you <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Dana Britt&quot;,&quot;id&quot;:334260560,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@danabritt&quot;,&quot;photo_url&quot;:null,&quot;uuid&quot;:&quot;7780dc8b-5dc8-480e-85a7-8db868bba2e0&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;GW B&quot;,&quot;id&quot;:319390415,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@bartgw&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/49956369-d602-4639-b954-603ff6813858_882x882.png&quot;,&quot;uuid&quot;:&quot;ba6892cd-74f4-43a0-a293-91c252ad17f9&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;inge jarl clausen&quot;,&quot;id&quot;:57257995,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@ingejarlclausen&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/60a6f312-517d-4d82-a22c-7472b159a2a9_1580x1580.png&quot;,&quot;uuid&quot;:&quot;b06b873c-e1c0-4f55-863a-917d2cbf9902&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;LegallyAbigail Data Strategist&quot;,&quot;id&quot;:146142071,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@legallyabigail&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7a0cc6e1-fe0f-4ad6-8658-1760df567d30_1067x1067.jpeg&quot;,&quot;uuid&quot;:&quot;49015431-2256-4503-9d90-b0a75f28cf59&quot;}" data-component-name="MentionToDOM"></span>, <span class="mention-wrap" data-attrs="{&quot;name&quot;:&quot;Gail Pean&quot;,&quot;id&quot;:6475053,&quot;type&quot;:&quot;user&quot;,&quot;url&quot;:&quot;https://substack.com/@gailpean616426&quot;,&quot;photo_url&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/fe8dab05-9030-469d-a21f-493d389b3d2a_144x144.png&quot;,&quot;uuid&quot;:&quot;6bd177ab-4cff-4e44-bd96-a9f308d9bb74&quot;}" data-component-name="MentionToDOM"></span>, and many others for tuning into my live video! Join me for my next live video in the app.</p><div class="install-substack-app-embed install-substack-app-embed-web" data-component-name="InstallSubstackAppToDOM"><img class="install-substack-app-embed-img" src="https://substackcdn.com/image/fetch/$s_!3uSY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fff623958-428e-415d-91bb-4ed8ef534c96_144x144.png"><div class="install-substack-app-embed-text"><div class="install-substack-app-header">Get more from Jason Jay Smart in the Substack app</div><div class="install-substack-app-text">Available for iOS and Android</div></div><a href="https://substack.com/app/app-store-redirect?utm_campaign=app-marketing&amp;utm_content=author-post-insert&amp;utm_source=jasonjaysmart" target="_blank" class="install-substack-app-embed-link"><button class="install-substack-app-embed-btn button primary">Get the app</button></a></div>]]></content:encoded></item></channel></rss>