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The war between France and Prussia (became the Ottoman Empire) leaving France in defeat.Led to creation of a powerful German Empire with a military and industrial potential to further disrupt the European balance of power on the one hand and widespread resentment and desire for revenge among the French (revanchism) on the other.
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New German Emperor dismissed the skillful Otto von Bismarck as Chancellor. He also refused to renew the Reinsurance Treaty with Russia that maintained the fragile peace between Russia and Austria-Hungary as well as keeping France isolated. Wilhelm II helped create an alliance between France and Russia (formed in 1892) that became the basis for the future Triple Entente.
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The outcome of the war against the Japanese was a major blow for the Russians who lost almost entire Baltic and Pacific fleet. The defeat provoked a serious political crisis that led to the Russian Revolution of 1905. But the Russo-Japanese War also made an end to the Russian ambitions in the Far East and as a result, the Tsarist government focused its attention to Europe, in the first place to the Balkans. This intensified the old rivalry with Austria-Hungary that also had a great interest