My answer on Quora.
The US has the upper hand for now. How long this will continue is uncertain. It has a substantially larger economy than Russia and a greater global presence on a military level (750 bases plus in 80 countries or so). In addition the US dollar still remains as the predominant world currency (buoyed for now by petrodollars).
Russia on the other hand has been hit hard by sanctions, is navigating an extremely costly war with the Ukraine and is in an uncertain population decline. It has its allies within the BRICS grouping to fall back onto but even in this regard it is playing second fiddle to both China and an emerging India (who took Russia to the cleaners for cheap oil following the Ukrainian invasion).
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