Russia's next move? The countries trying to Putin-proof themselves

Ian Bond, deputy director of the Centre for European Reform, thinks that if a long-term ceasefire is eventually agreed in Ukraine, Putin would be unlikely to stop there.

"Nobody in their right mind wants to think that a European war is around the corner again. But the reality is an increasing number of European intelligence officials have been telling us that…

"Whether this is coming in three years or five years or ten years, what they are saying is the idea that peace in Europe is going to last forever is now a thing of the past."

Russia's economy is currently on a war footing. Roughly 40% of its federal budget is being spent on defence and internal security.

More and more of the economy is being devoted to producing materials for war.

"We can see what the Russian economy is being retooled to do," observes Mr Bond, "and it ain't peace."