Not for the first time in the last two centuries, Russia leaves the world wondering about its destiny. In spite of the losses incurred when the Soviet Empire imploded, Russia is still a power with vast military inventories, and an energy giant whose oil reserves will last, at present rates of exploitation, for more than 30 years, and with natural gas for more than 180 years. Questions abound as to what constitutes Russia's national interest; especially now, as a result of the conflict in South Ossetia. With Vladimir Putin no longer President, and after several years of rising oil and gas revenues, many Russians fear instability and insecurity. But the outside world, too, keeps wondering what will happen next. It is a defining moment for Russia, with far-reaching implications for the rest of the world. Professor Stuermer has observed at close quarters the former President as he steered his country out of the chaos of the post-Yeltsin years. His account is both authoritative and timely, and considers the future for a country striving to be, once again, a great power with global reach.