ukraine wheat exports, page-20

David Rohde at Reuters quotes James Jeffrey, a retired career U.S. diplomat:

Jeffrey said the days and months ahead will be vital. If Putin faces few long-term consequences for seizing Crimea, it will set a precedent for China and other regional powers who may be considering establishing 19th century-style spheres of influence of their own.

“The Chinese,” Jeffrey said, “are in the same position.”

Dopey, Putin has seized Crimea. It will take more than diplomacy to prevent further Russian aggression.

Possible option combinations:

sanctions

the EZ sourcing energy needs elsewhere post haste

speeding up the admission of as many eastern European countries into the EZ as possible especially Ukraine.

Doing nothing is not an option.