Putin could target the Siloviki for financial aid - in preparation for a NATO conflict. But that could jeopardize his relationship with the elite.

Putin's efforts to stabilize the Russian economy and its financing suggest that he is preparing for a long war in Ukraine and "future large-scale conflict with NATO" Putin seems unlikely to follow through on his threats. Despite the economic situation, Putin plans to continue his “war economy” this year - the people of Russia will have to bear the consequences.