Russia Is Not Exactly a Big Winner in the Crimean Dispute

| Mon Mar. 24, 2014 5:36 PM EDT

So how are things going on the anti-Russia front? A quick recap:

Last week President Obama announced sanctions on high-ranking Russians. He also signed an executive order allowing him to impose sanctions on Russian industry. France has threatened to cancel the sale of two warships to the Russian navy. The G8 has effectively kicked Russia out of the club. Ukraine has cut off electricity to Crimea. The countries on Russia's borders are increasingly united against their next-door neighbor. The Russian economy, hardly robust in the first place, has already begun to tank. Ukraine has agreed to sign an association agreement with the European Union, precisely the action that Vladimir Putin so desperately tried to head off last year—and which triggered the Maidan protests that brought down the Ukrainian government. Today, European leaders made it clear that further economic sanctions against Russia were likely in the near future. And that's just so far.

And what has Russia gotten in return? Ten thousand square miles of territory that, nationalistic pride aside, mostly represents a political and economic drain on the state. That Putin sure is a master geopolitical strategist, isn't he?

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