I am not sure a bankrupt Russia is what we need tbh. After 20 years of Putin, it would become the perfect scenario for a military coup and the installation of an ever harsher regime.
Agreed.
Rather, a Russia with a strong and stable middle class (and one has been growing over the past twenty five years) is what we need.
It will be interesting to see whether elements of the elite (not just the security siloviki, but the military and oligarchic elites) - either in Russia itself, or, (more safely) abroad, begin to distance themselves from Mr Putin.
Interestingly, the co-founder of Alfa Bank, (which has been sanctioned to the extent that it cannot issue shares, and cannot finace debt on international money markets), the Ukrainian born, Mikhail Fridman, (as reported in both the Telegraph, and more credibly, the FT) - the FT quotes him as follows:
"Mikhail Fridman, one of Russia’s richest men, said the war in Ukraine was a “tragedy” and called on the “bloodshed” to end after President Vladimir Putin launched a full-scale invasion of the country."
And Oleg Deripaska - the founder and former owner of Rusal - once, reputedly, Russia's richest individual, - also called for peace, writing, "Peace is very important! Negotiations must begin at once!" (also quoted in the FT).
Okay, Fridman is based in London, while Deripaska has Cypriot citizenship (while Abramovich, who used to be close to Deripaska, and, for the record, - who is also Jewish - has Israeli citizenship) have the space and the physical, geographical distance to be able to voice their thoughts; Still, it is significant that some of the oligarchs are now distancing themselves (one may be unkind enough to suspect financial motives for this conversion to the virtues of peace, but war is not good for commerce, while enforced isolation and policed pariah status are even less so).