Putin now clearly wants to escalate the confrontations with the United States and likely wants to build a coalition to limit American power. The gross imbalance of global power in the current system makes such coalition-building inevitable — and it makes sense that the Russians should be taking the lead. The Europeans are risk-averse, and the Chinese do not have much at risk in their dealings with the United States at the moment. The Russians, however, have everything at risk. The United States is intruding in the FSU, and an ideological success for the Americans in Ukraine would leave the Russians permanently on the defensive. The Russians need allies but are not likely to find them among other great-power states. Fortunately for Moscow, the U.S. obsession with Iraq creates alternative opportunities. First, the focus on Iraq prevents the Americans from countering Russia elsewhere. Second, it gives the Russians serious leverage against the United States — for example, by shipping weapons to key players in the region. Finally, there are Middle Eastern states that seek great-power patronage. It is therefore no accident that Putin’s next stop, following the Munich conference, was in Saudi Arabia. Having stabilized the situation in the former Soviet region, the Russians now are constructing their follow-on strategy, and that concerns the Middle East.