It's Lilia Shevtsova, at the New York Times, "Ukraine Is Only One Small Part of Putin’s Plans":
MOSCOW — President Vladimir Putin of Russia is playing a game of suspense. When he kicked over the global chessboard late last year, amassing thousands of troops at the Ukrainian border, he sent the world into panic. An invasion seemed imminent — and beyond it loomed the threat of a new global confrontation, contested by nuclear-armed powers. Things haven’t calmed down since: A call between Mr. Putin and President Biden on Dec. 30, where the leaders traded threats, did little to take the sting out of the situation. Any incident along the Russian-Ukrainian border could bring an inferno. The Kremlin’s reasoning for the escalation is curious. It is acting in response, it maintains, to the West’s “drawing Ukraine into NATO” and NATO’s encroachment on what the Kremlin views as Russia’s area of influence. But that looks like a bluff, or even trolling. The truth is that NATO, for all its welcoming gestures, is not ready to offer Ukraine membership. So what is Mr. Putin’s endgame? The immediate aim, to be sure, is to return Ukraine to Russia’s orbit. But that’s only a brush stroke on a much bigger canvas. Mr. Putin’s design is grand: to refashion the post-Cold War settlement, in the process guaranteeing the survival of Russia’s personalized power system. And judging from the West’s awkward, anguished response so far, he might be close to getting what he wants. In recent years, Mr. Putin has successfully revived Russia’s tradition of one-man rule by amending the Constitution, rewriting history and clamping down on the opposition. Now he seeks to provide the system with a sturdy Great Power spine, returning to Russia its global glamour. In the past decade, Mr. Putin’s Russia not only demonstrated its readiness to resume control over the former Soviet space, testing its ambitions in Georgia and Ukraine, but also left its footprints all over the world, including through meddling in Western democracies. Yet today’s standoff over Ukraine takes things to a new level. No longer content with upsetting the West, Mr. Putin is now trying to force it to agree to a new global dispensation, with Russia restored to eminence. It doesn’t stop there, though. Crucially, the geopolitical advance would serve to safeguard Mr. Putin’s rule. So the West, by accepting Russia’s geopolitical position, would effectively underwrite its domestic agenda, too. The United States would become, at home and abroad, Russia’s security provider. It’s quite the gambit. The timing is crucial. With the European Union consumed by its own challenges and the United States’ rivalry with China yet to reach top gear, the Kremlin is seizing the moment to pursue its grand design. To do so, it could put on the war helmet at any moment. But confrontation is not the Kremlin’s goal. The escalation is about peace on Russia’s terms. No longer content with upsetting the West, Mr. Putin is now trying to force it to agree to a new global dispensation, with Russia restored to eminence. It doesn’t stop there, though. Crucially, the geopolitical advance would serve to safeguard Mr. Putin’s rule. So the West, by accepting Russia’s geopolitical position, would effectively underwrite its domestic agenda, too. The United States would become, at home and abroad, Russia’s security provider. It’s quite the gambit. The timing is crucial. With the European Union consumed by its own challenges and the United States’ rivalry with China yet to reach top gear, the Kremlin is seizing the moment to pursue its grand design. To do so, it could put on the war helmet at any moment. But confrontation is not the Kremlin’s goal. The escalation is about peace on Russia’s terms. Right now, it’s hard to know what comes next. Mr. Putin can’t force his Western opponents to surrender; neither is he ready to retreat. But he could use both concessions and refusals to pursue his agenda. Concessions, such as NATO explicitly pledging not to expand any further east, would be presented as victories, and refusals as the pretext for further escalation. One success is already clear: The West has been forced to reward Russia — through outreach, diplomacy and, above all, attention — for the charitable act of not invading Ukraine. Russia’s rebellion threatens to turn geopolitics into a battle of threats — force on one side, sanctions on the other. Mr. Putin’s method is tried and tested: He ratchets up the tensions and then demands “binding agreements,” which he does not take seriously. The aim, really, is a Hobbesian world order, built on disruption and readiness for surprise breakthroughs. This order has nothing in common with those fashioned at the Yalta Conference in 1945, say, or the Congress of Vienna in 1815. Their architects followed the rules. The Kremlin is suggesting something very different: the irrelevance of rules. The norms by which the world has been governed for the past three decades would be thrown out, in favor of creative interpretation of the possible. In this free-for-all, Mr. Putin — mercurial master of suspense and the sudden move — can pursue his fusion of geopolitical power and personal rule...
Ms Shevtsova's article is the most intriguing, perceptive, and troubling so far of all I've posted on this.