What now for Putin? After Russian retreat, the Kremlin has few good options in Ukraine

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Russian President Vladimir Putin may be at his most vulnerable since launching a full-scale invasion of Ukraine 200 days ago.

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Washington, Europe and even Moscow now wonder what Putin's plan might be to regain the initiative that has been slipping away from him with every new update on the battlefield.

Could the Kremlin order full military mobilization, press hard on its energy war, or face drastic measures like a strategic nuclear strike?

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"It's really difficult when you look at the war from his position," said Michael Kimmage, who focused on the Ukraine-Russia issue at the State Department during the Obama administration.

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"In a way, the whole concept of war is off, misleading, and it's a huge burden on Putin because things have gotten so bad in the last week."

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In the short term, this means stabilizing Russian defensive lines in the eastern industrial region of Donbass, made up of the twin provinces of Luhansk and Donetsk.

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Regroup after retreat?

With increasing calls for military escalation, pro-Kremlin commentators on state TV and nationalist military bloggers have come closer than ever to condemning Putin.

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Full mobilization?

Since the beginning of the war, concerns for a nuclear confrontation between Russia and NATO have diminished, but analysts suggested a small-scale tactical assault against Ukraine might still happen.

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The nuclear option?

A move like that would probably yield only modest military benefits while generating geopolitical fallout that the Kremlin might not be able to manage.

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The nuclear option?