Ministers seem to believe they will be able to come up with targeted sanctions "against those responsible for violence." But drones haven't been invented yet in political and economic conflicts. Besides, who should be held "responsible?" The special forces soldier whose gun killed a demonstrator, the policeman who kidnapped and tortured a journalist, the minister who is their boss, or higher up, Ukraine's President Viktor Yanukovich? And shouldn't Vladimir Putin, the Russian president whose heavy-handed policies are at the heart of the crisis, be considered "responsible" for what is happening under his watchful eye?
That doesn't mean that the EU should sit on its hands. While full-blown economic measures against Kiev would mostly hurt the population - and force Yanukovich into deeper entrenchment - limited and symbolic sanctions can remind Ukrainians that Europe is on their side. Beyond that, the EU faces a tough balancing act, as long as there is some possibility that Ukraine might change course and leave Russia's orbit some day.
The best Europeans can do is remain open to a deep economic partnership with Ukraine - maybe deeper than the one originally contemplated - but only with a regime that has changed its ways. If there is still a chance that might happen, it is worth abstaining from grand posturing. If, on the other hand, EU leaders decide that Yanukovich has reached a point of no return, the only thing to do is wait for his ouster, while bracing for long, painful years of confrontation with Russia.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app