How might a scandal from 2019 affect who runs the FSB in 2021? And should we consider levels of elite embezzlement a good index of their confidence? In this second cellcast of the 2020-21 Twelve Days of Shadowy Christmas, I take a look at the agency's future.

One erratum, by the way, that serves me right for trying to convert big numbers on the fly: the 120 billion rubles I mention at one point is, of course, £120 million, not £12 million...

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