They ( the transnational oligarchy based in the US and UK ) are trying the last power grab and Putin is trying to block them. This is the reality in a nutshell.
We can discuss about the nuances, but this is a power fight. Pure and simple.
Russia obviously wants to survive in this fight, so it is trying to block its dependance on the west as much as possibile, starting with the new economy ( internet ). The western powers ( the ones who rob us workers of our savings ) want to extend their reach over the entire globe and Russia + China are the last bastion against this dystopia. Yes, there are elites, oligarchs, bad guys in Russia and China too, but they are too small to be a real danger for us ( the people ).
So, what you say is true, but i suspect the western media will spin it in a way to make Russia look like a dictatorship, ruled by a mad tyrant who wants to go to war against the world.