Putin takes losses on Ukraine, but Russia still has leverage and the will to use it

By Will Englund, February 23, 2014

KIEV, Ukraine – Russian President Vladimir Putin had a plan for Ukraine, but it all fell apart Friday.

So he went to Plan B: a mediated, gradual transition of power, a plan that came undone Saturday.

Big setbacks for the Kremlin? Yes, especially given the way they intruded upon the intended public relations triumph of the Sochi Winter Olympics. But a rout? Not if Putin can help it.

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