Putin doesn’t fear a coup by oligarchs. But he should fear his fellow spies.

Analysts and Russia watchers are batting about the idea that perhaps Russian autocrat Vladimir Putin has become mentally unstable. They point to ranting speeches where Putin seems to invent history out of whole cloth, or his public and cringeworthy dressing down of one of his intelligence chiefs. Then there are the meme-worthy photos of Putin sitting at the end of ridiculously long tables. Some observe that Putin simply doesn’t look well physically — puffy in the face and less steady on his feet. Speculation suggests that all of this is due to the Russian leader’s increased isolation, his surrounding himself with yes-men, or his angst over the bite of widespread economic sanctions the West and other allies have leveled against him since Russia invaded Ukraine. Others say he is afraid of covid-19 and taking draconian precautions.