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How to Stop Putin
All of these steps (except dissolution of the G-8, which should be irreversible) would be subject to reconsideration depending upon Russian action -- most importantly and minimally, its withdrawal of troops from Georgia proper to South Ossetia and Abkhazia.
The most crucial and unconditional measure, however, is this: Reaffirm support for the Saakashvili government and declare that its removal by the Russians would lead to recognition of a government-in-exile. This would instantly be understood as providing us the legal basis for supplying and supporting a Georgian resistance to any Russian-installed regime.
President Bush could cash in on his close personal relationship with Putin by sending him a copy of the highly entertaining (and highly fictionalized) film "Charlie Wilson's War" to remind Vlad of our capacity to make Russia bleed. Putin would need no reminders of the Georgians' capacity and long history of doing likewise to invaders.
Bush needs to make up for his mini-Katrina moment when he lingered in Beijing yukking it up with our beach volleyball team while Putin flew to North Ossetia to direct the invasion of a neighboring country. Bush is dispatching Secretary of State Condoleezza Rice to France and Georgia. Not a moment too soon. Her task must be to present these sanctions, get European agreement on as many as possible and begin imposing them, calibrated to Russian behavior. And most important of all, to prevent any Euro-wobbliness on the survival of Georgia's democratically elected government.
We have cards. We should play them. Much is at stake.