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March 02, 2014 AT 8:03 AM
Russian President Vladimir Putin has taken a gamble on Ukraine and is betting that U.S. President Barack Obama will blink first. Wounded by a personal political defeat in a battle for influence over Russia's Slavic neighbor, Putin is fighting back, and presenting the crisis as a question of symmetry. In his view, the West "stood by" and allowed armed men to direct events in the capital Kiev - now he is "standing by" as armed men extended their control over the Crimea region.