We're edging closer to the 4th of March, and accordingly, the picture has started to be clearer about the strategy of the ruling elite for the very day of the election. However, what will happen after remains a big question mark to many - not only us Russia-watchers, but, I dare to say, to many in the Kremlin as well. The events of the last few months seem to have excluded the possibility of an intentionally harsh crackdown but at the same time, a two-round scenario also seems to be less and less likely. While there is a certain logic behind Putin's apparent intention to bury his head in the sand and to proceed as usual, this may after all send the wrong signal to the elite and certainly to the population. Putin surely thinks that he chose the safer strategy, but this might as well turn out to be the riskier one.