The situation with Ukraine and the Crimean region has descended into farce.
The "people" voted for independence, and so this is like the Balkans all over again. The ethnic Russians in Crimea decided to leave Ukraine. They did so by using democracy. They voted for it. To the world, Crimea is not a country or a nation. To the Russians, neither is Ukraine.
What can the Western nations really do in the face of such a trick? The Russians are masters at mocking all things democratic and don't care about losing money. They have stolen enough already to last them a lifetime.