Some thoughtful remarks here by Ben Judah at ISN (International Security Relations and Network. His article ends:
The new order
The recent conflict has achieved a primary Russian objective, in proving that American power cannot be solidified along borderlands. This leaves only two powers that can actually integrate or control these territories - the EU or Russia.
The post-Soviet space can either seek to emulate the Baltic republics and find security inside the Union or embrace and hope to benefit from Russian dominance, as have Armenia and Belarus. Both are asymmetrical in how they wield influence.
Russia's strength lies in the areas of hard power such as its military capacities, energy power, cyberwarriors, pro-Russian parties and ethnic minorities or former KGB networks. However, it lacks the powers of persuasion.
Bulgarian expert Ivan Krastev argues in a recent article that "Russia is a born-again 19th-century power that acts in the post-20th-century world where arguments of force and capacity cannot any longer be the only way to define the status or conduct of great powers. The absence of 'soft power' is particularly dangerous for a would-be revisionist state. For if a state wants today to remake the world order, it must be able both to rely on the existing and emerging constellation of powers and be able to capture the international public's imagination."
The EU has the opposite strengths. Its power is soft and lies in the promise of membership, cultural appeal, diplomatic influence and financial clout. However, just as the Kremlin's failure to convince the world its actions are legitimate should force a re-think in its inner circles about a return to great-power status, the EU needs to learn that it does not exist in a vacuum.
Russia's strategy may be 19th century - but Europe is stuck in the future.
The great source of instability for the borderlands is that neither the EU nor Russia have reached their final destinations. Both are lost in transition.
The EU is caught between a disunited vague confederacy and a near-federation capable of speaking with a single voice in foreign policy and acting purposefully in a single direction. Its foreign policy mechanisms may slip into irrelevance and its own stability is far from assured. The news from Brussels is still frustration and malaise following on the heels of the French and Dutch "No" votes in 2005. The Irish "No" vote earlier this year does not bode well.
Russia itself is in a similar unsettled position. Its own territory is too large to be run in a conventional democratic manner and the state is still too weak to dominate its neighbors successfully. In the long run, further disintegration cannot be ruled out and the Kremlin is well aware of this.
Hovering between a post-modern empire and joining the club of post-imperial European great powers alongside the UK, France and Germany, Russia will continue its struggle to find institutional stability at home and a place in the state system - to the great detriment of both its citizens and surrounding countries.
Trapped between two uncertain creatures the post-Soviet states need to learn from the Georgian experience and tread carefully to avoid its fate.
Now it seems we are back to "balance of power" 19th century diplomacy and perhaps war.