jwl wrote:I don't think Russia ever stopped being a powerful military power, they just stopped being a powerful economic power, and they are still a fairly weak in that regard now.
Yeah, people often forget that Russia's economy is pretty small, relatively speaking. Surprisingly, Italy and Brazil actually have larger economies than Russia. Even during the USSR, the Russian economy was always much smaller than the US economy, with a GDP which was usually like half the size of the US, even during the height of the USSR. But the Russian military was much closer to the US military in terms of deployment capability and power projection throughout the 70s and 80s than it was after 1991, obviously. It seems as if in recent years the Russian military has made steps towards resuming its status as an equal to the US. Still, it's not really anywhere close to that in terms of naval power - they have a single aircraft carrier (as opposed to something like 11 or 12 which the US has), as well as a smaller air force, and a lot of older equipment. And of course, the US military budget is much larger. However, Russia is obviously catching up quickly.
I would guess that, looking back at the events of the early 21st century, we'll remember the aftermath of the Iraq war and the associated global war against terror states as a heralding of Russia's return to a much more formidable global presence.
Still, Russia's economy kind of sucks, compared with the US and Europe. I think the problem is that their economy is so driven by energy companies, with stuff like Gazprom and Lukoil being the largest firms. They don't have any really large influential technology companies, like Apple or Google, which contribute a lot to driving the US economy. I mean, they have Yandex, but it's much smaller than the big US/Chinese tech firms.