When President Vladimir Putin in his State of the Union speech last year called the collapse of the Soviet Union “the greatest geopolitical catastrophe of the 20th century”, cold warriors on both sides of the Atlantic pounced on the statement as fresh evidence of Russia's imperial ambitions.

Very few were prepared to accept Putin's statement at face value - a powerful articulation of an incontrovertible fact from the Russian point of view. The fact remains that half a million Soviet citizens perished during the painful transition, and 50 million people were displaced. Last week, on the anniversary of the August 19 coup that led to the disbandment of the Soviet Union, public opinion in Russia looked back at the events 15 years ago as a crude power struggle devoid of any high principles.