I honestly don’t think Putin has any goals worked out.
He spent 50 billion dollars buying goodwill with the Olympics. How many times Crimeas GDP is that? And then he more than wasted the whole thing in a day by sending in the tanks.
It was a reaction to a Moscow-friendly president being removed, not any kind of pre-planned move.
This does not look like any kind of organized military operation. Seize a base, let a base go, take another, let the Ukrainians in, take a border post, go away again, find a pretext, try another…its utter dithering!
If this had been a planned military operation, the troops would have moved in, pretexts issued, and the military objectives secured. In a day. This looks nothing like anything with a plan behind it.
I think Putin saw a Moscow-friendly president in eastern europe fall, and reflexivly reverted to type: Send in the tanks. It worked in Hungary and Czechoslovakia.
And now he has no plan. He could have had Crimea for far less. Its historically Russian, and has a Russian majority, I think. Bit of bribery, but of subtle intimidation, bit of promises…he could have had that without the cost.
The long-term damage this has done to Russias interest is pretty huge. The eastern europeans have had all their fears vindicated. The EU as a customer is going to start shopping for another energy supplier. Russia cannot match the EUs military budgets as-is. They’re not matching France and the UKs totals even. If this leads to the EU consolidating their military expenditure, their military position is vastly degraded.
The only way Putin can salvage any kind of benefit out of this is if he can keep the whole of Ukraine, but I think he is vacilliating about whether he can get away with that, and it might be Pyrric anyway.