angrysoba
Philosophile
No, I fully agree that the Bucharest decleration was the best for all concerned. The issue is that Russia violated it so completely as to render it null and void.
Different situation entirely. Ukraine clearly has no capacity to defy Russia now, which certainly wasn't the case with the Falklands. I'm also certain that Putin wouldn't dare to invade Ukraine, if it had the capacity to essentially destroy Russia. He can return them the destruction in kind, but what has he achieved? Nothing good.
No, Russia can hold Crimea fine. Even if they have to truck water in, and suffer from chronic blackouts. Crimean economy will collapse for a few years now, that's a given, especiallly if there is a terror campaign by disgruntled Tatars and Ukrainians and others. Extra blackouts and water shortages can make the whole thing notably worse though.
However, it will be a phyrric victory for Russia, regardless of what Ukraine does. They will have to hold a substantial garrison there, to prevent Ukrainian attempts to retake it, plus to discourage rebels. They will have to pour in very substantial resources to keep it financially afloat and to build new infrastructure. They will also get very little income from there for the forseeable future. It won't bankrupt Russia, but it won't benefit it either.
One thing they could do is keep water and power flowing for a few years, until Russia builds some infrastructure to attract tourists, and cut it just as the investment was becoming profitable, making the pain last longer. Reform to be independant from Russia in the meantime.
McHrozni
Well then, we are probably agreed that Putin has gone and bought himself a lemon. I certainly don't hope for terrorism conducted there and I think that it is unlikely anyway. But as for Russia having to keep a substantial garrison there, I thought that was what Russia wanted Crimea for in the first place; somewhere to park their Black Sea Fleet.
But in the meantime, Ukraine is going to have to pull its socks up and sweep away some of the corruption if it wants to build some powerful economy whose energy needs can be supplied independent of Russia. Sounds unlikely in the short term, although I am no expert on these things.