July 11, 2023 Ukraine has bloodied Russia’s military, but NATO must still prepare for invasion. Russia has taken a beating in Ukraine. That tempts some in the West to dismiss the conventional Russian threat. This is dangerously wrong. Russia’s long history of military reforms and its defense industrial capacity give ample reason for caution. NATO needs to look to its most vulnerable point — the Baltic states — and plan for large-scale conventional aggression. The Baltics are not Ukraine.