• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsVladimir Putin
Europe

Putin’s blunder means Moscow is running out of weapons, says U.K. spy chief  

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
October 11, 2022, 7:33 AM ET
Russian President Vladimir Putin has committed strategic errors in judgment that have imposed a staggering cost on his country, argues U.K. senior intelligence official Jeremy Fleming.
Russian President Vladimir Putin has committed strategic errors in judgment that have imposed a staggering cost on his country, argues U.K. senior intelligence official Jeremy Fleming.Gavril Grigorov—SPUTNIK/AFP/Getty Images

Months of crippling economic sanctions may be eroding Russia’s ability to wage war against Ukraine, with stockpiles of weapons, ammunition, and heavy ordnance like the cruise missiles that hit Kyiv Monday running low.

In an address scheduled for Tuesday, the director of a U.K. Intelligence agency best known for cracking Nazi Germany’s Enigma encryption machine says he believes Russian President Vladimir Putin has committed “strategic errors in judgment” that have imposed a “staggering” cost in people and equipment. Diminished capabilities to wage war could shorten the conflict, now running for nearly eight months.

“We know—and Russian commanders on the ground know—that their supplies and munitions are running out,” Sir Jeremy Fleming will say during an annual lecture at a U.K. Security think tank, according to a speech provided in advance to Coins2Day. 

Fleming heads the Government Communications Headquarters, or GCHQ, which forms the backbone of the country’s intelligence services together with MI5 and MI6—the U.K. Equivalent of the Federal Bureau of Investigation and the Central Intelligence Agency, respectively. 

It was GCHQ code breakers such as Alan Turing working out of Bletchley Park who helped first decrypt secret Nazi communiqués. Today, the agency is chiefly responsible for identifying, analyzing, and disrupting high-tech threats to the U.K., such as cyberwarfare.

Fleming’s comments come just one day after Russia launched dozens of missiles at Kyiv and other Ukrainian cities in retaliation for this weekend’s potentially catastrophic damage to the bridge over the Kerch Strait, a vital supply route that links mainland Russia to Ukraine’s Crimean Peninsula. 

Experts have pointed out that a reprisal was inevitable to satisfy hawks within Putin’s government who are furious at recent defeats, and also noted it was the first heavy bombardment in months. 

‘Desperate situation’

The attacks on Ukrainian civilian targets appear to have calmed the hard-line domestic audience. Members of Putin’s inner circle including Margarita Simonyan, the editorial head of RT television, celebrated the retaliation.

Ramzan Kadyrov, the warlord running Russia’s republic of Chechnya, posted he was “one hundred percent satisfied” following the destruction raining down on playgrounds, universities, and even a German consulate building.

It comes however at a cost. Forbes’  Ukraine staff estimated the price tag of the heavy ordnance to be anywhere between $400 million to $700 million. 

While Russia can continue to sell its crude oil and natural gas exports at sky-high prices to pay for the production of such expensive cruise missiles, Putin never counted on the war lasting as long as it has. 

Western allies have exploited his country’s dependence on imported equipment to do everything from building cars to keeping passenger jets in the air. Economic sanctions have in particular targeted so-called dual use civilian goods that can feed Putin’s war machine, including microchips needed for missile guidance systems.

“With little effective internal challenge, his decision-making has proved flawed. It’s a high-stakes strategy that is leading to strategic errors in judgment,” the GCHQ director argues. 

Russia’s depleted heavy ordnance reserves and exhausted troops are two issues that have helped Ukraine “turn the tide” in the war, according to Fleming. 

The Kremlin has now been forced to regroup and over the weekend appointed a new commander for its forces, Sergey Surovikin. Meanwhile Putin associate Yevgeny Prigozhin has recruited soldiers for the war effort from the ranks of Russia’s incarcerated convicts.

“The use of prisoners to reinforce, and now the mobilization of tens of thousands of inexperienced conscripts, speaks of a desperate situation,” Fleming adds. 

Sign up for the Coins2Day Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Coins2Day, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
1 day ago
placeholder alt text
Success
Ryan Serhant starts work at 4:30 a.m.—he says most people don’t achieve their dreams because ‘what they really want is just to be lazy’
By Preston ForeJanuary 31, 2026
22 hours ago
placeholder alt text
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'
By Marco Quiroz-GutierrezJanuary 31, 2026
20 hours ago
placeholder alt text
Success
Alexis Ohanian walked out of the LSAT 20 minutes in, went to a Waffle House, and decided he was 'gonna invent a career.' He founded Reddit
By Preston ForeJanuary 31, 2026
20 hours ago
placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
2 days ago
placeholder alt text
AI
Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
3 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

harvard
CommentaryLeadership
How Trump helped Harvard: 5 ‘Crimson’ leadership lessons on standing up to bullies 
By Jeffrey Sonnenfeld, Steven Tian and Stephen HenriquesFebruary 1, 2026
40 minutes ago
LawJeffrey Epstein
Epstein files lead to resignation of top Slovakian official, while British prime minister calls on former prince to cooperate with U.S. authorities
By Michael R. Sisak, Danica Kirka, Ben Finley and The Associated PressJanuary 31, 2026
11 hours ago
Economygeopolitics
BRICS could become a new pillar of global governance—if its rapid growth doesn’t erode its newfound clout
By Brian WongJanuary 31, 2026
13 hours ago
LawICE
Judge orders 5-year-old boy and his dad released from ICE detention, citing ‘incompetently-implemented government pursuit of daily deportation quotas’
By Geoff Mulvihill and The Associated PressJanuary 31, 2026
13 hours ago
EconomyFederal Reserve
Fed chair nominee Kevin Warsh could crush Trump’s rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say
By Jason MaJanuary 31, 2026
13 hours ago
EconomyDebt
Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says
By Jason MaJanuary 31, 2026
15 hours ago