Russia is once again playing the charade game that the Soviet Union attempted to play in the waning years of their dominance. Russia and China have worked for years to balance the US influence in the world (Shanghai Cooperation Organization), and to some degree have. But this is not due to their tangible power. Both Russia and China have very shaky economies, held together in the case of Russia by oil and gas sales. Thus, Russia is simply a larger Iran. Cut-off the oil and gas money and they will collapse.
That being said, the US needs to get a clear foreign policy in place. Obama has been focused on fighting terror but horrible in defining an overall foreign policy agenda. The US needs to begin leading again and standing up for the rights of humanity, placing aside reactionary responses and end the coupling of foreign action/intervention to economic gains. We have been weighing economic gains of every action for too long. Sometimes a nation needs to act on whats right regardless if there is a profit to be made.