Russia under Vladimir Putin’s leadership has assumed a personalised character which has drastically transformed its domestic and defence policy as well as its global grand strategy. The main contour of the grand strategy is a strategic rebalancing in the places of its influence including its near abroad and its area of interest including Asia, Asia Pacific and the Middle East. Putin’s leadership and psychological orientation have a fundamental role in the materialisation of this transformation and the study of this factor serves as a lens to explain Russia’s resurgence and also provides a guide to Russia’s future foreign policy. One of the significant aspects of the strategic rebalancing is Russia’s increasing influence in South Asia and the projects of building transport and trade corridor. While China remains another significant powerful player with similar geostrategic and geoeconomic plans; states such as Pakistan foresee great challenges as well as opportunities which emerge as a result of the increasing influence of Russia and China in the region and the lingering dissonance in Pakistan’s relations with the United States of America.