Putin's nuclear deterrence erodes as threats lose credibility, reshaping global security calculus

The Financial Times argues that Russian nuclear threats have lost their coercive power, signaling a structural decline in Moscow's deterrence credibility. This shift, driven by repeated bluff exposure and Western adaptation, carries destabilizing risks as adversaries may test perceived weaknesses. The analysis implies a recalibration of NATO and global strategic postures, though it remains an opinion-led assessment rather than a confirmed event.