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"In Moscow, there is a growing fatigue with the west, with the EU and the United States. Their role in Ukraine is believed to be particularly obnoxious: imposing on Ukraine a choice between the EU and Russia that it could not afford; supporting the opposition against an elected government; turning a blind eye to right-wing radical descendants of wartime Nazi collaborators; siding with the opposition to pressure the government into submission; finally, condoning an unconstitutional regime change. The Kremlin is yet again convinced of the truth of the famous maxim of Alexander III, that Russia has only two friends in the world, its army and its navy. Both now defend its interests in Crimea.
The Crimea crisis will not pass soon. Kiev is unlikely to agree to Crimea's secession, even if backed by clear popular will: this would be discounted because of the "foreign occupation" of the peninsula. The crisis is also expanding to include other players, notably the United States. So far, there has been no military confrontation between Russian and Ukrainian forces, but if they clash, this will not be a repeat of the five-day war in the South Caucasus, as in 2008. The conflict will be longer and bloodier, with security in Europe put at its highest risk in a quarter century.
Even if there is no war, the Crimea crisis is likely to alter fundamentally relations between Russia and the west and lead to changes in the global power balance, with Russia now in open competition with the United States and the European Union in the new eastern Europe. If this happens, a second round of the cold war may ensue as a punishment for leaving many issues unsolved – such as Ukraine's internal cohesion, the special position of Crimea, or the situation of Russian ethnics in the newly independent states; but, above all, leaving unresolved Russia's integration within the Euro-Atlantic community. Russia will no doubt pay a high price for its apparent decision to "defend its own" and "put things right", but others will have to pay their share, too."