According to the piece, published in Washington Post, Russia's interests in Ukraine are much more serious than just overwhelming desire to protect the poor Russians there.
I actually recommend the opinion of Lilia Shevtsova for an insight.
Just like all of his predecessors, Putin supports the empire. Just like
them, he probably believes that Russia can survive only as an empire
rather than as a normal nation state.
According to Shevtsova, postmodern Europe, with its emphasis on treaties, soft power, and
negotiations, has proven utterly feckless when it comes to bringing the
Kremlin to heel.
The Russian elite is plugged into the Western economy and its financial
system. That is why the West is helpless when it comes to containing
Russia. So far, the Western governments haven’t shown any willingness to
inflict financial or other kind of pain on themselves.
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