"If Putin were to die of natural causes, it is highly likely that the elite would initially seek to preserve his legacy," says Gulnaz Sharafutdinova, head of the Russia Institute at King's College London.
Interviewer: If Putin were to die today, what would happen in Russia tomorrow?
Gulnaz Sharafutdinova: Much depends on how it happens. If he dies a natural death, it is highly likely that the elite will organize some form of succession process that, at least initially, seeks to preserve Putin’s legacy. However, this process may not proceed peacefully, as the elite may not be unified on who should take over power. It is very likely that efforts will be made to maintain the status quo.
If Western sanctions and Russian policies remain unchanged, the Russian elite will inevitably face a choice at some point: whether to restructure the country to improve its economic situation and move towards greater openness. This would mean acknowledging that starting the war was a mistake and that Russia prospers more as a peaceful nation cooperating with other countries.
Most of Russia's elite have lived relatively privileged lives, and for many, the war came as a surprise because it is also devastating Russia itself.
During a transition, the element of time becomes crucial. There is hope for change in a post-Putin Russia, but the longer the process takes, the more likely it is that economically liberal factions of the elite will be sidelined, giving way to a militaristic nationalist elite.