Putin decree allows Russia to seize control of vulnerable critical infrastructure

President Vladimir Putin signed a decree allowing the Russian state to take temporary control of critical infrastructure deemed inadequately protected from attack or slow to repair damage. The measure covers fuel and energy facilities, including nuclear power, as well as industry, communications, transport and logistics, public utilities and other sites considered essential to state security and economic stability. It is not a formal nationalization, but gives the government broader authority to manage vulnerable firms as Ukrainian drone strikes increasingly target Russian economic and energy assets. Market pricing puts the odds of Ukraine recapturing Crimea by the end of 2026 at 5.5% for a YES outcome. Further infrastructure-security measures, Ukrainian advances toward Crimea, changes in the ISW map and diplomatic or ceasefire developments could affect market perceptions.

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