Putin’s Calculus

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 Un...


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