(Economist Leader) Crisis in Ukraine: Kidnapped by the Kremlin

The West is not about to go to war over Ukraine, nor should it. Not enough of its interests are at stake to risk a nuclear conflict. But the occupation of Crimea must be punished, and Mr Putin must be discouraged from invading anywhere else.

Mr Putin expects a slap on the wrist. Sanctions must exceed his expectations. Shunning the G8 summit, which he is due to host in June, is not enough. It is time to impose visa bans and asset freezes on regime-connected Russians (the craven parliamentarians who rubber-stamped their army’s deployment should be among the first batch); to stop arms sales and cut Kremlin-friendly financial firms from the global financial system; to prepare for an embargo on Russian oil and gas, in case Ukrainian troops are slaughtered in Crimea or Russia invades eastern Ukraine. And the West should strengthen its ability to resist the Kremlin’s revanchism: Europe should reduce its dependence on Russian gas (see article); America should bin restrictions on energy exports; NATO should be invigorated.

Ukraine needs aid, not only because it is bankrupt, but also because Russia can gravely harm its economy and will want to undermine any independent-minded government. America and the EU have found some billions in emergency funds, but Ukraine also needs the prospect, however distant, of EU membership and a big IMF package along with the technical assistance to meet its conditions. A vital start is a monitored election to replace today’s interim government and the parliament, which is for sale to the highest bidder.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Defense, National Security, Military, Europe, Foreign Relations, History, Politics in General, Russia, Ukraine, Violence