"No"

read you own article:

1. russia has been promising money for years
2. most new money is subject to massive fraud
3. russia's military remains under-trained and badly led
4. russia would struggle to deploy, support and sustain more than a battlegroup (~1500 men) out of theatre
5. russia has under-invested in design for twenty years now
6. russia is dependent on western countries for microprocessor and software microcode skills
7. russia is a demographic wreck
8. russia is a commercial development wreck
9. russia is only propped up by petro-chemical exports and nukes

and most importantly:

10. russia is set to remain a declining medium power, it isn't a threat now, and will be even less of a threat in forty years time.

does that help?