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Almost forgotten in the discussions of the conflict between Russia and the West is what happens to Ukraine. The answer to that question, like so many other problems, depends on how much each side is willing to pay for their preferred outcome. It is important therefore to understand the costs of the potential outcomes for Ukraine and how those costs will be apportioned between Russia and the West.
The key point here is that there can be no viable Ukraine without serious contributions from both Russia and the West.
For those who want to punish Russia and nothing else, that’s the answer: hand over Ukraine to the Russians and let them turn it into Malaya Rossiya. It would suck Russia dry. For anyone who really cares about Ukraine, there is, like it or not, only one option: the one in the middle.