Excerpts from Books and Wikipedia
"Peace with Russia proved more problematic, for the Swedes hoped for French and British-Hanoverian assistance to force Peter the Great to moderate his demands. Only when it became clear that they were on their own did the Swedes agree to settle. By the Treaty of Nystad in August 1721 Russia gained the provinces of Livonia, Estonia, Ingria and a large part of Karelia. . . . The collapse of Sweden and the reduction of Poland to a satellite of Russia posed a serious problem for France, which in the past had relied on a ‘leap-frog’ strategy of encouraging countries in the north and east to bring pressure to bear on the Habsburgs in between." [Blanning: Pursuit of Glory, p. 559]