Key Takeaway: Russian President Vladimir Putin launched a new phase in his campaign to retain power after 2024 when his current term expires. Putin offered Russians a revised social contract. Putin is reconfiguring the balance of power within the Russian government as he seeks to carve out an optimal spot for himself. Putin is in uncharted territory, trying to create a new transition model for Russia. He is running an information operation targeting the Russian population and the West as he seeks to mitigate the risks associated with his transition. His approach is working so far, with the Kremlin’s opposition disarmed and the public unclear on the net implications of the changes.

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