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My read on this is a bit different.
The US is going to "help" Russia make a deal with Ukraine. Ukraine has been very clear in what they need and I suspect the only thing they are willing to concede on is Russia can have their land back, and can keep Crimea. The issue is somehow giving Putin the appearance of a win, which he will need. Perhaps the US can offer an end to their sanctions as the win for Russia, or something else? I think it is still a wait and see situation, but not nearly as stupid or bad as many believe.
Alan
