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What is the ending?
The ending is framed as Vadim Baranov finally speaking after years of silence, revealing how close he came to power and how that world consumed everyone around him. By the end, Vladimir Putin is firmly established as the center of the new Russian order, while Baranov has withdrawn into obscurity and Ksenia remains the one person who could still pull him away from that life.
The film's ending is not fully spelled out in the available source material, so I can only give a limited factual account of what is confirmed: the story closes on Baranov, long after the chaotic rise of post-Soviet Russia, telling his account to Rowland from a place of retreat and silence. The narrative makes clear that Baranov's life has moved from art, to television, to political manipulation, and that he ends the story no longer operating at the center of power. Putin's fate in the film's ending is the opposite: he remains the dominant figure whose rise Baranov helped shape. Ksenia's role at the end is also clear in broad terms: she is described as the one person "beyond his control," the magnetic figure who tempted him away from the machinery of power, but the available sources do not provide her final scene or final fate in detail.
More specifically, the film's final stretch is built around Baranov recounting his past to Rowland in the present day, after years of hidden life and silence. The framing places Rowland in Moscow in 2019, where he has come to research Russian literature and is surprised when Baranov invites him to his country dacha. From there, Baranov's story unfolds backward through the fall of the Soviet Union, his early artistic ambitions, his turn toward television production, and his entry into the orbit of Boris Berezovsky and then Vladimir Putin. The ending returns to the idea that Baranov once helped create the political image of the new Russia, but now speaks as someone removed from it, exposing the "dark secrets" of the regime he helped build.
The main character outcomes at the end, as supported by the sources, are these: - Vadim Baranov ends in retreat, in silence, no longer at the center of political power, and finally gives his account to Rowland. - Vladimir Putin ends as the rising figure whose authority Baranov helped construct, firmly on the path to power. - Ksenia remains the one person described as outside Baranov's control, but her exact final outcome is not detailed in the available sources.
If you want, I can also give you a very short spoiler-style ending only, with no extra context.
Who dies?
Is there a post-credit scene?
There is no evidence in the available sources that The Wizard of the Kremlin has a post-credit scene.
The sources available here are a trailer, an exclusive clip, an IMDb entry, and a review synopsis, and none of them mention any post-credit or mid-credit scene. Based on that, I cannot confirm one exists, and I also cannot describe its contents from the provided material.