Russia's nuclear stockpile alone makes them a "super-power." Their military is outsized, but they lack the economic resources to support a conventional war campaign for more than a couple of weeks. Plus, they have always had problems with obsolete and inoperable weapons systems. They can rattle their swords, but beyond a first strike capability there is very little behind that threat.
Economically, their natural gas resources make them extremely powerful in Western Europe. The Europeans NEED Russia's natural gas, and that tempers everyone's ability to confront Russia. "If you fuck with us, we will send you a very belligerent letter!"
I cannot imagine why "we" have not begun selling LNG to Europe. We have those resources in abundance, and it would harm Russia greatly, taking away their greatest source of hard currency. I can only assume that "we" think such a move might start a war, with Russia attacking our tankers.
Noballzatall?