There's been a significant escalation in the Ukraine crisis. The diplomatic pathway pursued by France and Germany - and backed up by the United States and Britain - was 'blown up' by a late-night televised address by Russian President Vladimir Putin.
In that speech he sought to revise Ukrainian history and recognise the separatist regions of Luhansk and Donetsk as independent. Does it end here? Or is it a precursor to something new, darker and more dangerous in Russian President Putin’s playbook?
In this special edition of Lowy Institute Conversations, Research Director Hervé Lemahieu speaks to Nonresident Fellow Bobo Lo about Russia's tactics and ambitions in Ukraine, and the West's options in response.