The term quickly caught on with Italian nationalists, who in 1919, under the leadership of D’Annunzio, seized the Adriatic port city of Fiume claiming that their wartime sacrifice had been squandered by unjust peace terms and weak political leaders. The narrative of a nation betrayed also led to the creation of the fascist movement by a young Benito Mussolini in Milan, which converted popular disillusionment into violent action and, ultimately, political power.
Today, almost four years after Moscow’s full-scale invasion of Ukraine began, Western leaders continue to speak with optimism about a putative peace settlement that would end the Russian war in Ukraine. But while in the West peace is treated as a technical issue of territorial lines and security guarantees, the domestic implications for Russia appear to be less of a consideration, possibly coming back to haunt us in the near future.
Should Vladimir Putin accept a peace deal that falls short of his professed objectives in Ukraine, he risks triggering a moment analogous to Italy’s 1919 mutilated victory. Having alienated ultra-nationalists, disaffected veterans and experienced soldiers, the current Russian government might find itself embroiled in a new power struggle, leading not only to domestic, but also to further international instability.