When Russia botched its invasion of Ukraine and the West quickly came together in support of Kyiv, Russian President Vladimir Putin’s grip on power appeared shakier than ever. Last summer, an attempted coup even seemed to threaten his rule. But today, Putin looks confident. With battlefield progress in Ukraine and political turmoil ahead of the U.S. election in November, there’s reason to think things are turning in his favor. The historian Stephen Kotkin joins us to discuss what this means for Russia’s future—and how the United States can be ready for whatever that future holds. Kotkin is the Kleinheinz Senior Fellow at the Hoover Institution at Stanford University. He is the author of the forthcoming book Stalin: Totalitarian Superpower, 1941–1990s, the last in his three-volume biography of the Soviet leader. You can find transcripts and more episodes of The Foreign Affairs Interview at https://www.foreignaffairs.com/podcasts/foreign-affairs-interview.