This is not good news.
The Russians are remarkably paranoid. Who wouldn't be after Napoleon, the Russo-Japanese War and Hitler? They also know the value of negotiating from a position of strength. They also know our current political and economic weakness. This is a particularly good opportunity for the Bear to re-establish hegemony over Eastern Europe.
Some analysts believe the Obama administration is backing away from policies that angered Moscow under the presidency of George W. Bush.
Those policies included strong US support for expanding the NATO alliance to include the ex-Soviet republics of Georgia and Ukraine and a plan to build US missile defence facilities in Eastern Europe.
It is a mistake to back away from these policies. It indicates weakness. Weakness didn't work in negotiating with the Soviets, it won't work here.
Note the gratuitous Bush-blaming here. It's not about Bush anymore. This is TCO's legacy now.