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During the 1990s, Russia was a regional power in all but name. Today, however, we are witnessing the re-emergence of a global Russia, whose ambition and confidence are at a post-Cold War high. The conviction that it is integral to a new world order reflects not only a historical sense of entitlement, but also renewed self-belief.

But this progression masks major flaws. Despite impressive demonstrations of military might in Ukraine and Syria, and Putin’s tactical dexterity, Russia remains a weak power in many respects.

Bobo Lo is an independent analyst. He was previously Director of the China and Russia Programmes at the Centre for European Reform; Head of the Russia and Eurasia Programme at Chatham House; and Deputy Head of Mission at the Australian Embassy in Moscow. He is an Associate Research Fellow with the Russia/NIS Center of the French Institute of International Relations (Ifri).