What is the historical significance of the victory of Russian weapons in the Northern War?

Firstly, Russia finally returned the access to the Baltic;
Secondly, new Baltic lands were transferred to the Russian territorial composition;
Third, the authority of Russia has risen at the international political level;
Fourth, the country was declared an empire, and its ruler was declared an emperor;
Fifth, after the defeat inflicted on Sweden, it loses the status of a Great Military Power;
Sixth, during the Northern War, an efficient land army was created in Russia and a competitive navy emerged.