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Putin’s Calculus

CAMBRIDGE – By most accounts, Russian President Vladimir Putin has been the winner in the Ukraine crisis, at least so far. His annexation of Crimea, which Nikita Khrushchev arbitrarily transferred to Ukraine in 1954, has been widely applauded at home, and he has largely shrugged off Western governments’ responses. But, from a longer-term perspective, Putin’s victory is not quite so certain.

The current crisis in Ukraine began with President Viktor Yanukovych’s decision to reject a European Union Association Agreement, opting instead for a deal with Russia that included desperately needed financing. This outraged Ukrainians in the country’s more pro-EU western regions, spurring protracted popular protests that ultimately toppled Yanukovych’s corrupt but democratically elected government.