Russia thought they were going to win the war in a few months. That didn't happen. Now, Russia's economy is going South which weakens them as a "world power" in the future. Furthermore, they showed the world that their army is weak because of decades-long corruption. Wagner was competent, but Putin just killed off their leader. Putin and the Russian people want a return of their Empire, aka old Soviet borders, therefore the Ukraine invasion was the first of many. It would also motivate China to invade Taiwan if the U.S. allowed a dictator to invade neighboring countries at will.
Obviously, Russia, aka: former USSR, by whichever name you call them, has always been a military threat with their long history of invasions.
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