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Is Putin strong, or a paper bear? Mikhail METZEL / POOL / AFP via Getty Images

FORTUNE: Exclusive analysis: we looked at the 400 western firms still in Russia. Their paltry size strips Putin’s bluff bare naked

Jeffrey Sonnenfeld discusses Putin's leverage at the negotiating table rests almost entirely on bluster and the willingness of others to believe it - Trump has an opportunity to negotiate from a position of genuine strength in FORTUNE