In the upcoming German election, no serious party or candidate can be counted on to advance Putin's goals: Social Democrat Martin Schulz is no more pro-Kremlin than Chancellor Angela Merkel. So in Germany, Russian interference has been invisible so far, and it will likely stay that way through election season.
Donald Trump's victory in the U.S. initially looked like a major success for Putin, especially if one believes the stories of Trump's and his associates' close ties to Russia. But even if Trump had planned to make any peace offerings to Putin, he has been hemmed in by a major anti-Russian campaign run by the media and his political rivals. And for anyone who still thinks Trump is a Russian puppet, on Thursday, the State Department, run by supposedly pro-Russian former oil executive Rex Tillerson, put out a statement strongly condemning Russia's annexation of Crimea timed to coincide with the annexation's third anniversary.
Trump is nevertheless better for Putin than Clinton would have been. He's disengaged from Europe, and Merkel's visit to Washington on Friday is unlikely to fix what started off as a dysfunctional relationship. His focus is clearly domestic, and he's disinclined and probably ill-equipped to meddle in areas where Russian interests are strong, such as Ukraine, the Balkans and Libya. In Syria, his interest is limited to defeating the Islamic State something that is also in the Russian interest.
Under Trump, the U.S. has stepped up involvement in Syria. Recent U.S. strikes helped Bashar Assad and Russia retake Palmyra from ISIS fighters. All of this moves Russia closer toward its goal of securing Assad's position in any future settlement, but it's not ideal. Putin would have preferred to resolve the Syrian crisis in partnership with Turkey, leading to a de-facto division of spheres of influence between the two countries. Turkish President Recep Tayyip Erdogan, however, proved a less than reliable partner because of his overweening interest in destroying Kurdish separatists, and Russia has been forced to accept a kind of unspoken situational alliance with the U.S. to keep him in check. This complicates the final deal for Putin; in any case, the deal is nowhere in sight at this point despite Russian and Turkish diplomatic efforts.
In the Balkans and in Libya, Russia has made its interests known, but it has been careful not to make any Crimea-style surprise moves; victory wouldn't be certain and a defeat could be catastrophic for Putin's carefully constructed reputation as an international force. Last year's alleged failed coup in Montenegro probably a freelance effort by Russian nationalists Putin tolerates rather than fully backs is a good reason for caution. Moscow also hesitates to go all in for Libya's General Khalifa Haftar: He may turn out to be too weak, requiring a costlier effort than Putin can afford, both politically and militarily.
Ukraine, where Russia's immediate interests are stronger than in the Middle East, continues its self-destructive trajectory. President Petro Poroshenko recently decided to back a blockade of eastern Ukraine's separatist regions, which his government previously said could result in heavy economic losses for the nation. The reason Poroshenko flip-flopped is that the blockade was backed by fiercely anti-Russian war veterans a force Poroshenko himself has unleashed and one he now fears.
It's possible that, by tightening his stranglehold on Ukraine, Putin isn't just turning it into a lost cause for the West he's also encouraging violent forms of nationalism whose rise is more dangerous to Russia than Poroshenko's incompetence and corruption. This year, Ukraine is likely to drift further away from Russia, not get closer to it.
Economically, too, there is not much relief on the horizon for Russia. A joint attempt with Saudi Arabia and other oil exporters to talk up oil prices by promising big production cuts is fizzling. If current prices below $50 per barrel hold, the Russian budget won't collapse, but there will be no growth bonus, either. Gross domestic product is expected to increase by about 1 percent a slower growth than in other emerging markets or even the EU, and not enough to back any kind of geopolitical expansion beyond the existing relatively cheap projects.
Putin can try to move fast and unpredictably in a new shock-and-awe campaign. But he can't count on strong allies or on a buoyant economy, and his instinct appears to be to exercise caution for now. That's a sure way to disappear from the headlines he has counted on to bolster his image.