This article is a contribution to the ongoing debate regarding the changing dynamics of global power relations, which seem to be heading toward an inevitable end of the unipolar world order dominated by the United States since the collapse of the Soviet Union in 1990. It demonstrates that through highlighting the rising global power of China and Russia, which is currently causing a substantial threat to the US hegemony. As such, the continuation of this trajectory in the upcoming decades will likely lead to the emergence of a tri-polar world order, whereby the international system will be shared among the US, China and Russia. Methodologically, this article primarily relies on content analysis and thorough scrutinization of recent official foreign policy and national security documents issued by these actors in order to provide an in-depth understanding of the respective strategic vision underpinning.