It's going to be a protracted conflict and Ukraine is just the first major battle.
It's going to be fought in different ways and on multiple fronts: on NATO's eastern frontier; over the countries of the former Soviet Union, in the energy market, over the airwaves, and in cyberspace.
We should have no illusions. The West's conflict with Russia is not going away anytime soon, regardless of how the current standoff in Ukraine is resolved.
And what is at stake is nothing short of the future of the international order.
This ain't no Cold War. Russia isn't strong enough for that.
But according to The Russia Challenge, a widely read and highly influential report issued by Chatham House last week, it is shaping up to be a Long War. A protracted looking-glass conflict with a weakening, but still very dangerous, Russia.
On the latest Power Vertical Podcast, we discuss the new Chatham House report and its recommendations.
Joining me are co-host Mark Galeotti, a professor at New York University, an expert on Russia's security services, and author of the blog In Moscow's Shadows; and one of the report's authors, James Sherr, an associate fellow with Chatham House's Russia and Eurasia program.
Listen to or download the podcast above or subscribe to The Power Vertical Podcast on iTunes.