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I'm not sure how bad it is for Navalny's reputation. I expect that most of his supporters are entirely willing to accept that the charges are trumped-up/false (which seems plausible to me, in fairness). They may impact his chances of actually winning the election (provided the election is a fair one to begin with) if he is able to run in the end. But for now, I'm not sure that this ruling is going to change much in terms of Navalny's reputation.

Also, funnily enough, I posted this just before Existentialist: