Putin saw the Ukrainian revolution as a challenge to him personally, and I think that's why he, in fact, over-reacted. I think his occupation of Crimea and then annexation for him was actually a mistake from Russia's point of view. And then his invasion of Eastern Ukraine was also a mistake. He imagined that he would invade Eastern Ukraine and then eventually split the country in half, and he discovered that in fact, Russian-speaking Ukrainians are not Russians, and they didn't support him.

What's interesting about Navalny is that he has run a - not so much a pro-democracy campaign in Russia, but an anti-corruption campaign. He seems to have access to quite a lot of information about very senior Russians, including Putin.

Think of the French presidential candidate Emmanuel Macron, Ciudadanos in Spain, Nowoczesna in Poland. These are early efforts to reimagine a liberalism which is neither right-wing nor left-wing in the traditional sense.

I didn't like doing predictions. It's certainly true that right now - and this could change tomorrow - but, right now there is no clear way for Putin to lose power. There seems little chance that a street revolution could unseat him; that's just not how things are going to work in Russia. And it seems as if the very tiny number of people who control the economy and who control politics in Russia are loyal to him.

A lot of the Russian economy is built around people who are one way or another milking the state and taking money from the state and recycling it into their private bank accounts. And there are a lot of people who are taking advantage of that, so it's not just one person. It's a kind of web of people doing that, and that's how the system stays in power and how people stay in control.

We can't continue assuming that politics is something which is decided elsewhere by distant leaders in a distant capital. Protest is insufficient too. If people who are willing to put time into demonstrations also prove willing to work on behalf of candidates in local elections - or to become candidates themselves - they will achieve far more. If all of this upheaval provokes more involvement, then we have a slim chance of ending up with more vibrant democracies eventually. The alternative, as you've hinted, is that democracy fails altogether.

Putin discovered that when he invaded Ukraine, he expected the Ukrainians to rise up and join him and say, "Yes, we want to be part of Russia," and that didn't happen. And they've been paying, actually, I think quite a high price for it, both in the ongoing war in Ukraine - which is I think increasingly unpopular in Russia - and also in the Western sanctions, and in general, the separation from the West that was caused by that.