Will a Russian energy crisis finally lead to a negotiated settlement, or are we headed towards nuclear war? On this episode of Talking Geopolitics, GPF Chairman George Friedman joins host Christian Smith to discuss Ukrainian target shifts toward energy infrastructure and their impact on Russia's already fragile economy, the impending political crisis inside the Kremlin, and the viability of Russia's potential next steps, including "tactical" nukes, Belarusian involvement, and fully mobilizing reserve forces. Episode recorded on June 29, 2026. Learn more about GeoEconomic Lens and access the first issue for free at https://geopoliticalfutures.com/lens/introducing-lens/. Learn more about GPF and subscribe to our free newsletter at http://www.geopoliticalfutures.com/gpf-newsletter.