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Europe’s Ukrainian Blunder

BERLIN – The European Union has probably never experienced anything like it before: Ukrainian President Viktor Yanukovych’s government pretended to negotiate an association agreement, only to back out at the last minute. EU leaders felt duped; in Moscow, however, the mood was celebratory.

As we now know, Yanukovych’s real motivation for the negotiations was to raise the price that Russia would have to pay to keep Ukraine in its strategic orbit. Only a few days later, Yanukovych and Russian President Vladimir Putin announced a Russian loan worth $15 billion, a cut in natural-gas prices, and various trade agreements.