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The paper deals with Russia’s policies toward the Korean Peninsula in the post-Ukraine strategic environment. The article begins with the analysis of how Russia is drawing closer to China due to its ongoing confrontation with the West and the Ukraine crisis. The article then reviews three distinctive periods in Russian post-Cold War strategy toward the Koreas: the 1990s; the 2000s and the early 2010s; and 2014 onward. The author argues that Russia’s current policies toward the Peninsula are being increasingly driven by anti-Americanism and the rising dependence on China. Russia’s ties with the North are experiencing a renaissance, while the relations with the South have soured. Russia’s growing deference to China’s interests in East Asia will result in Moscow closely aligning with Beijing on the Korean Peninsula issues. In case of a North Korean contingency, this may lead to a Sino-Russian coordinated intervention in the North.