We may be seeing the start of a new cold war however it my be economic not military. The US has been very quick to play the stuff in Ukraine to get a number of sanctions passed that simultaneously hurt Russia's economy and benefit it's own. Add to that the increasing economic power of Russia/China/Brazil/India and we look to be heading to an economic power struggle as the new powerhouses rise to meet the old ones.
That's because Georgia started it by invading a couple of the states (independent nations not actually recognised as countries, like Kosovo) in between Russia and Georgia. Russia then liberated them and gave Georgia a bloody nose. Pretty similar to the first gulf war where Kuwait was liberated then Iraq smacked for being a bully.
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