Peace ultimatum
Putin is making three points in this clip, two explicit and one implicit.
1. Explicit: Russia is now ahead of everyone in weapons, and can halt any incoming missile or break through enemy defenses.
2. Explicit: Now that we have unquestioned superiority, we can relax just a bit on the defense front and concentrate on strengthening our people and culture. "Russia's greatness is inseparable from the dignified life of every citizen."
3. Implicit: We're ready to mediate a new agreement among the major powers to insure PEACE. You have no choice. You must make peace because you CAN'T DEFEAT US. You can't break our people as you tried to do in 1990, and you have no hope of defeating us in war.