According to this logic, occupying and annexing Crimea is not a sufficient reply to recent events. Moscow may not need to invade the rest of Ukraine, but it must attempt to reinstall a Kremlin-friendly regime in Kiev. To this end, it will do its utmost to ensure the failure of the current interim government and the new team due to come in after a presidential election scheduled for May 25. As a consequence, Putin will perceive every Western attempt to help the new administration in Kiev as interference.

Some analysts have tried to break out of this logic by suggesting a third way that would avoid both a Ukraine under full Russian control and a permanent clash between the West and Russia. This would be a realist approach based on deescalation. It would rest on the assumption that Putin eventually realizes how costly his actions will be for him. That would lead him to accept a neutral Ukraine that can do what it wants as long as it does not join NATO—or the EU.

But this third scenario is not much different from the first option above. Neutrality, despite having the air of nonpartisanship, also needs to be defended when threatened. Is the West ready for that? Accepting Ukrainian neutrality and then leaving the country to its own devices would, in reality, amount to letting Russia have its own way.

Let me be clear: I think that offering Ukraine NATO membership is a bad strategic idea. But so too is a deal that banks on Russia’s willingness to accept genuine neutrality for Ukraine. A grand bargain that would make Russia refrain from interfering in Ukrainian domestic affairs in return for nonmembership in NATO is entirely unrealistic.

The real realist’s option is to put Ukrainian NATO membership to sleep but to be fully prepared to compete with Moscow for influence in Kiev. The West should do everything it can to give Ukrainians the right to decide their own fate. That means investing fully in Ukraine’s democratic process, helping its economy, and assisting in setting up an inclusive constitutional process—with full cultural and linguistic rights for minorities. But the West must also be ready to swallow Russian accusations of Western aggression and escalation.

The West’s options are not great. If it gives up on Ukraine and hands Russia the exclusive right to interfere in the country’s internal affairs, the West would endanger its own interests and reward Russian aggression. It would also betray its values and the people who find those values so attractive that they are prepared to risk their lives for them.

Alternatively, the West can accept Russia’s meddling while claiming for itself a similar right to meddle in Ukrainian affairs by helping the country to get its act together. That would probably lead to a permanent confrontation with Russia of some sort. But it would also demonstrate that the West is willing to accept some of Russia’s core interests while not simply embracing all of them.

Such an approach would already be a compromise, but it seems to be the only one that gives Ukrainians a say in their own future, and not just relegate them to a minor role on the sidelines of a big geopolitical chess game.

At the current crucial moment in the Ukraine crisis, the West needs to decide whether it is prepared to play the Ukraine issue out over the long term. The consequence would be permanent, low-intensity rivalry with Russia over the country’s future. But that may be the only way the Ukraine crisis can still produce a somewhat bearable outcome.