After the 2022 invasion of Ukraine, the Kremlin gambled on a swift victory, a gamble that may have ultimately contributed to the unraveling of Russian hegemony in the Caucasus and Central Asia—remnants of Soviet-era dominance and vulnerabilities inherited by the Russian Federation. What are the next steps for Putin’s regime as we witness renewed conflicts and tensions in regions once kept in check under a so-called Pax Russica?
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