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With all eyes on Ukraine, where Russia's neo-imperial efforts have raised the specter of a new Cold War between Moscow and the West, another alarming facet of the Kremlin's contemporary foreign policy has gone largely unnoticed; namely, its growing military presence in, and strategic designs on, the Western Hemisphere.

Are we on the cusp of a new Cold War? The events of the past month have put the final nail in the coffin of the ill-fated "reset" with Russia that preoccupied much of the Obama administration's foreign policy agenda during its first years in office. Relations between Moscow and Washington are now at their lowest ebb in more than two decades thanks to Russian President Vladimir Putin's neo-imperial efforts to subvert neighboring Ukraine. Washington and European capitals are still struggling to formulate a coherent response to the Kremlin's aggression, but it's already clear that the U.S. and Russia are drifting back into the old adversarial roles that defined the international system for much of the past century.