The Cold War was a period of hostilities between the United States and the Soviet Union as the two superpowers engaged in a nuclear arms race. With the collapse of the Soviet Union, some scholars perceived that Russia’s military-industrial complex has deteriorated considerably, and that the country has fallen behind the United States and Europe in the area of information technologies and other strategically important sectors of national economy. Others insist that the image of Russia’s political irrelevancy and demotion of the country to a status of a “small” or even “medium” power is mistaken. The new Russia, they argue, has never surrendered its claims as a great power. Discussions about Russia’s global role have been fueled by its continuing nuclear standoff with the United States, along with growing concerns about its plans to develop more robust nuclear deterrents and modernize its nuclear arsenals. There is substantial scholarly literature dealing with Russia’s foreign, security, military, and nuclear policy, as well as the role of nuclear weapons in the Russian security framework. What the studies reveal is that the nuclear option remains an attractive alternative to Russia’s weakened conventional defense. Today, as before, Russia continues to place a high premium on the avoidance of a surprise attack and relies on its nuclear capabilities for strategic deterrence. There are a host of issues that deserve further investigation, such as the safety of Russia’s nuclear sites and the regional dimension of its nuclear policy.