The economic sanctions are absolutely going to hurt Russia's economy. They're hurting some of his key inner sanctum. But they are not affecting his political standing. And it's hard to see how they would do so at least, in the short term.

Putin described Kiev is the mother of Russian cities. These - the Russian people view Ukraine as an extension of Russia. And so there is a sense that Putin really will do whatever it takes, even in the face of overwhelming, diplomatic, and economic pressure to defend what he sees as Russia's vital interest. And I think when we're trying to understand what's going on in Ukraine we have to keep that in mind. This isn't a simple case of Putin agitating for a fight.

People are tired of the humiliation that they don't want to be perceived as weak within the international community. And they are, therefore, actually quite grateful to President Putin for reinstating some sense of national pride.

I do think that when we're looking at Putin's actions, we really need to look further into what his point is. Because I think there is a misconception that this is kind of reigniting the Cold War and Putin's a bully. And he's just, you know, sort of lashing out at Ukraine when actually I think that this goes much deeper to that.

The economic sanctions are absolutely going to hurt Russia's economy. They're hurting some of his key inner sanctum. But they are not affecting his political standing. And it's hard to see how they would do so at least, in the short term.

People do forget there is still a lot of nostalgia in Russia for the Soviet Union.