What's the big deal? Opponents of the Crimea vote like to point to the illegality of the referendum. But self-determination is a centerpiece of international law. Article I of the United Nations Charter points out clearly that the purpose of the U.N. is to "develop friendly relations among nations based on respect for the principle of equal rights and self-determination of peoples."
Critics point to the Russian "occupation" of Crimea as evidence that no fair vote could have taken place. Where were these people when an election held in an Iraq occupied by U.S. troops was called a "triumph of democracy"?
Perhaps the U.S. officials who supported the unconstitutional overthrow of Ukraine's government should refocus their energies on learning our own Constitution, which does not allow the U.S. government to overthrow governments overseas or send a billion dollars to bail out Ukraine and its international creditors.
Though the Obama administration has applied some minimal sanctions on selected Russian and Crimean individuals, neither the U.S. nor the EU can afford significant sanctions against Russia. Global trade provides too much economic benefit to both sides.
Indeed, international markets rallied on news that the sanctions would be thus far minimal. They understand that trade and economic engagement are the surest roads to peace and prosperity. Let's hope governments will follow their lead.