Vladimir Putin has made Russia a menace, but not to the level of threatening European national security. (пока нет)
When the USSR broke apart, it wasn’t exactly a clean break. Ethnic Russians were left stranded in places. Now, Putin wants to consolidate and to restore natural order. It is a refinement in the balance of power and Obama seems to reluctantly accept that thinking.
The G7 members know this also and will extract something from Russia for having gone down this path in violation of international laws. Did Russia have alternative choices? Probably they did and still do.
Sanctions and shunning may coax Putin to a more acceptable means. Then again, he may have blown it so badly that his life outside Russia is kaput. (Is that a Russian word: уничтоженный)
“The president went on to say, "The Ukrainian people do not have to choose between East and West. On the contrary, it’s important that Ukraine have good relations with the United States, Russia, and Europe. As I’ve said, the future of Ukraine ought to be decided by the people of Ukraine."
Obama also addressed the possibility of additional sanctions against Russia, saying "There have to be consequences," if the crisis continued to escalate. "And if Russia continues to escalate the situation," Obama continued, "we need to be prepared to impose a greater cost."”
This is nice fodder for FoxNews.com.