Definitely Russia will be my first major choice. With my main interest focused on promoting Slavic nationalism in the Balkan states, which will most definitely put us in the path of conflict with Austria-Hungary (which for the most part i'd like to keep friendly, but it will probably be night on impossible) and the Ottomans. Since conflict with Austria will probably be unavoidable I would try and wrest the Polish lands from here and create a new Polish state, bolstered by Lithuanian lands as well. Liberalism will not be a problem as I will be implementing such policies internallly anyway. Unfortunately this will create extreme inner turmoil i'm sure, which will probably attract much more of my attention than i'd like, however the goal would be to slowly strip the powers of the aristocracy to making them merely wealthy individuals with titles, the Tsar shall be kept and the communists shall be learned from but not emulated or crushed, rather valued as one more facet of society. The Poles could be a great help against the Austrians and even the Prussians if they choose to be aggressive. Now with a firm eastern European bloc, Poland, Romania, Serbia, Bulgaria, the attention would move to the east and internal development.
The imense resources of Siberia would begin to be tapped by rail and the Ukraine will be developed further. The great oil fields of the Caucasus will be tapped as it becomes more and more profitable, not to mention any Siberian oil we come across, and Alaskan (which by the way will never be sold to the Americans). My Baltic and Black sea navies will be small coastal defense types, adequate for combatting a power like Sweden but not a major power, my pacific fleet on the other hand will be immense, expensive, and impressive. If the Americans want to fight over Alaska, all I have to say is, "Bring it".
Hopefully an agreement over Afghanistan and Persia can be reached with the UK, as in an ideal world they would be my top my ally. Ideally with foreign investment in the lands of my Eastern European allies, not to mention in Persia, Afghanistan and China I would be generating more than enough capital to invest in infrastructure and the creation of an industrial machine fueled by resources of my empire umatched by any other power. Russian arms will be exported at enormous rates filling the ranks of 2nd class powers and unindustrialized states world wide. And most importantly Russia and Britian can monopolize the oil market that in the coming decades will decide the fate of the world. Sure enough we may meet some small competition from the US if they gain control of Texas, but then hopefully we could keep Texas seperate and independant...
However, I see in this scenario the polarizing of the world between the two great empires of Russia and Britain. If England gains too much ground in the middle-east, threatening the oil balance, there would probably be a terrible war. Russia would need to seek allies that could challenge England's Atlantic sea supremacy, and have something to gain from it (France and Sardinia, maybe Spain gaining middle-eastern oil fields?) So maybe we would see a World War scenario like this:
Russian Alliance: Russian Empire, Serbia, Poland, Romania, Bulgaria, France, Sardinia, Spain
English Alliances: British Empire, Prussian Empire(*), Austo-Hungarian Empire, Ottoman Empire, Sweden?, Japan
Periphial powers, the United States, Texas?, Mexico?, Denmark?, Persia?, China?, Greece? could possibly join in later in the war for either side depending on national interests.
*Prussia is a potential great power and as such need dependable oil supplies as well, if Prussia builds a battle fleet and suceedes in uniting Germany before such a war, she may be a shaky ally at best for England.
A Russian victory in such a war could possibly see the unification of Italy, Ottoman break-up sceding Iraq/Kuwait to France or Spain, Italian gains in Africa and possibly Syria and the eastern Med. Polish reunification with Silesia and boundaries once again on the Carpathians. A great Balkan-Serbian state could quite possibly arise dominating the eastern Adriatic. The fall and splintering of Austria-Hungary with concessions to Romania, Bulgaria, Serbia, Poland and Italy. With reduction of her naval presence England would begin to see her vast empire fall to an accelerated rate of deterioration, however due to her very strong industry and economy should remain powerful for quite sometime after.
An English victory could result in Russian loss of Alaska and possibly Finland, not to mention Ottoman advances in the Caucasus putting yet more strain on Ukranian and Siberian oil fields. France may have to lose Alscace-Lorraine, Cuba and the Phillipienes from Spain may go to England as opposed to the United States. Austrian/Ottoman grip on the Balkans would increase significantly and Austrian presence in Italy may increase substantially. Japan may press claims in Manchuria and in Russian pacific holdings. Prussian expansion at the cost of Poland is quite probable in this scenario of Russian defeat.
I could go on and on.
