On Saturday, Putin gave an angry national address, calling Prigozhin’s rebellion treasonous and “a stab in the back of our country and our people.” But just a few hours later, he negotiated the settlement with Prigozhin. Putin’s actions showed the Russian people and the rest of the world that when confronted by a powerful adversary, he will blink. That is certainly the lesson now being absorbed by leaders in Ukraine and at NATO.

Putin’s only play to remain in power may be to have Prigozhin murdered once he settles into exile in Belarus. Prigozhin, meanwhile, may be condemned to await his assassin, even as he wonders what might have been.