Putin is hesitating but not yet lost

Russian President Putin has given his military orders to prepare for the invasion of Ukraine, but he is hesitating to give the green light. The French claim he has agreed to a meeting with President Biden following on a meeting between Foreign Minister Lavrov and Secretary of State Blinken February 24. For the Americans, all of this is contingent on the Russians not invading Ukraine. Moscow says there are no plans for a presidential meeting.

What is going on? There are several possible explanations:

1. Military preparations are not yet complete.
2. Putin is not satisfied with his domestic support in Russia and Donbas.
3. The Chinese warning against invastion has given him pause.
4. Diplomatic efforts are promising.
5. The Western threat of sanctions is deterring action.

Military preparations

I’m no military expert, but journalists report that Russian commanders have everything they need to proceed. Blood supplies and field hospitals were already in place by last week. Putin was lying when he said Russian forces were drawing down. They are now up to 150,000, enough to seize and control a piece of the country but not enough to occupy its entire territory.

I still am not inclined to believe the Russian objective is to seize Kyiv. I think they aim to make the Sea of Azov a Russian lake. A movement toward Kyiv might make the Ukrainians draw down in the south. But a serious attack on Kyiv would cause devastation that would be difficult for the Russians ever to repair, not to mention Ukrainian hostility and resistance.

Support in Russia and in Donbas

Russia’s parliament has already urged Putin to recognize the independence of the Russian proxy authorities in Donestk and Luhansk, as he has done for South Ossetia and Abkhazia in Georgia. The de facto authorities in Donbas have ordered an evacuation of civilians, many of whom have been getting Russian citizenship.

But they are for the most part not departing, even though the rebel military forces have ratcheted up the bombardment of Ukrainian targets to provoke a response. The popular mood in Russia does not favor full-scale invasion of Ukraine. But extending Russian control in the Donbas area would not prove highly problematic either in Russia or in the insurgent portion of Donbas.

Chinese opposition

President Xi did not give Putin the full-throated endorsement he sought for invasion of Ukraine when they met at the opening of the Beijing Olympics. Then last week the Chinese Foreign Minister used the occasion of the Munich Security Conference to back Russia’s position on keeping Ukraine out of NATO but also to pull the rug out from under Putin’s invasion plans.

China favors continued diplomacy instead. Russia will desperately need China to help in sanctions-busting if the invasion proceeds. Beijing however wants to avoid further aggravation of relations with the US. Putin needs again to seek and get Chinese reassurance.

Diplomatic efforts

There is little sign that diplomatic efforts are bearing fruit. According to French President Macron, Putin has agreed to meet with Ukraine and the OSCE. But that is thin gruel.

The US has rejected Russia’s demand that Washington guarantee no NATO membership for Ukraine. Moscow has continued to insist. The Americans have tried to shift the diplomatic agenda to mutual arms and conventional force limitations. They hope Russia will view those as responsive to Moscow’s effort to roll back NATO forces from its borders. Putin however isn’t buying. He wants Russian forces right on the borders of the Baltics, Poland, Belarus, or Ukraine.

Sanctions

Sanctions are a likely factor in Putin’s hesitation. Britain is prepared to end Russia’s access to pounds and British property. The Americans are presumably ready to do likewise. For a country that depends on oil and gas exports, both normally denominated in dollars or another hard currency, that is major.

We don’t know what German Chancellor Scholz said to Putin during his visit last week to Moscow. But President Biden has repeatedly asserted that the Nordstream 2 gas pipeline (completed but not yet operational) is toast “one way or the other” if Russia invades. We don’t know what that means. Scholz likely does. He has shown no sign of disagreeing with Biden.

Bottom lines

Putin holds his cards close, but he is hesitating. I’d give sanctions and the China factor each 40% as factors in his hesitation. Support in Russia and Donbas as well as military preparations I’d each put at 10% each. The diplomatic factor is important only insofar as Blinken continues to reassure Putin that the Americans are still willing to negotiate. That gives him reason not to hurry while he gets China and sanctions-busting fixed.

Still, invasion is more likely than not. Putin is hesitating, but he is not yet lost.