Sure it does -- he is punishing the Europeans for sanctions against him.
As a result of this shootdown by surrogates armed and controlled by him he has shut down the entire east-west commercial airline corridor over Ukraine causing havoc in the skies over the remaining corridors, and costing carriers time and money.
That’s a theory and plausible. However, If Putin is shrewd enough to do that he would also see the risk/reward of such an intentional stunt.