Merkel is still smarting from the eavesdropping on her cell phone calls and has recently sent the station head of the CIA in Germany, packing, for spying activities. Brazil's president is also mad at the eavesdropping on her cell phone by NSA.
Actions have consequences and Putin has reacted, on the Ukraine gambit by the EU ( getting it to sign a trade agreement and moving away from Russia) and the criticism and sanctions on Russia and some of its officials. He first made a visit to China and signed an energy agreement (this in response to Europe's futile and useless threat to cut off Russian supply ). He then threw a "spanner" into Europe's unity, by getting many south European countries, to agree to a Southern pipeline. Comfort before scnctions.
Putin is clearly relishing this. It makes him stronger in the eyes of his people and he gets to ,poke some fingers in the eyes of America and Europe.
Maybe he will go barechested to the beaches of Rio; ride a seadoo and play some beach football.