Filter by Categories

Great Game – Why Putin fired Shoigu and Why Biden is going tough on China

Does the dismissal of Sergei Shoigu signal desperation or confidence from Putin? And why is Biden suddenly escalating the trade war with China?
2024-05-14

 

Welcome to this week’s geopolitical update, the Great Game. This week we’re covering Putin’s surprise sacking of Defense Minister Shoigu as well as the ongoing global EV war.

Why Putin fired Shoigu


Situation:

  • Russian President Putin has replaced his Defense Minister Sergei Shoigu with former economic advisor and Deputy Prime Minister Andrei Beluosov.
  • Shoigu retains an important seat as Secretary of the Russian Security Council
  • Officially, Putin’s spokesman Peskov claims that the appointment of Beluosov is happening to strengthen the management and direction of the increasing Russian military budget and the increased role of the military in the society as a whole.
  • The sacking comes at a time when the Russian army is expanding the frontline with attacks north of Kharkiv and at the northeastern city of Sumy

Analysis: 

  • Even though Shoigu retains his spot on the Security Council, this is very clearly a dismissal. It’s standard procedure for Putin to put fired officials in such positions to avoid humiliation which could lead to dissent or defections
  • Beluosov is a bureaucrat/politician – not a military man. He has been a close ally and advisor to Putin, but his appointment to the top military job is surprising at war-time where most would expect a battle-hardened general to get the job.
  • Many ask if this is a desperate move or due to disappointment with the war effort. I think the opposite. I think

 

Does the dismissal of Sergei Shoigu signal desperation or confidence from Putin? And why is Biden suddenly escalating the trade war with China?

You need to login or sign up to one of our member plans to see this. Login

0 Comments

STENO RESEARCH IS JOINING REAL VISION

From July 2025, Steno Research is joining Real Vision to create the ultimate macro research product for you!

As a subscriber, this means the following:

Yearly subscriber: For legal reasons, we cannot transfer your pre-paid subscription directly. You need to register with Real Vision and then we’ll transfer your pre-paid subscription quickly afterwards. Simply go to https://www.realvision.com/free and sign up - and then we’ll take care of the rest! We will shut down service of Steno Research on July 31st, so be sure to make the transfer to keep receiving our content.

Already a RV subscriber?
Please check that you are using the same e-mail. If yes, you don't need to do anything. If not, please contact [email protected].

Monthly subscriber: Your current monthly subscription with Steno Research will end during July (31st at the latest). To continue accessing our research (and more), you’ll need to sign up for a Real Vision membership. Check out your options on: https://www.realvision.com/pricing

For Institutional Clients:
- Your access has been moved to our new institutional offering at NowcastIQ.com
- If you haven’t been moved already, please contact [email protected]