Quite a few observers hastened to call what happened on Palm Sunday the start of a civil war in Ukraine. Mercifully not—at least, not yet. A few shots have been fired, and blood has been spilt, but so far massive violence has been avoided. There is still a chance to prevent present-day Ukraine from becoming a version of what it was during the messy multi-sided civil war which followed the fall of the Russian empire and the Bolshevik revolution of 1917. This chance can only be used, however, when those calling political shots inside and outside Ukraine rise to their responsibility.

The insiders are seemingly in disarray. Those who joined forces to oust Yanukovych are now competing for the spoils of power. Despite all the talk of revolution, too little has changed so far in the Ukrainian politico-economic system, which continues to be dominated by the oligarchs and their political proxies. Prime Minister Arseniy Yatsenyuk looks earnest and sounds desperate when he talks about Ukraine’s economic situation as de facto bankruptcy, but a lot of others continue to mind their own businesses. Their hopes that Russia will do the job for them of uniting the Ukrainian nation—against Moscow and in happy acceptance of the system existing in Ukraine—are not likely to withstand the economic hardships just down the road.

As to Russia, it is playing hardball. Moscow’s objective is, at minimum, to assure that Ukraine does not join NATO and does not associate itself too tightly with the European Union; it also seeks constitutional guarantees that the Russian language will continue to be used alongside Ukrainian in areas where ethnic Russians constitute a sizeable minority; Russians also want to preserve economic ties to a range of Ukrainian enterprises linked, in particular, to the Russian defense industry. Finally, Moscow insists on election of governors in Ukraine as a way to help raise new regional elites accountable to their own constituencies and forming a counterweight to the pro-Western and often anti-Russian elites in Kiev. Russia’s agenda can be described, in a nutshell, as Ukraine’s “neutralization through (its) federalization.”

At the moment, Russia does not have to and probably does not intend to move its military forces into south-eastern Ukraine. Contrary to Western expectations, Moscow is definitely not following the Crimea playbook there. Rather, it is satisfied with pro-Russian activists following the maidan techniques in multiple towns of the Donbass region, complete with seizures of government buildings, police stations, and security services headquarters. There is no doubt about Moscow’s support for these activities: in this way, Russia is returning the compliment to the backers of the Euromaidan. Moscow puts Kiev in front of an unpalatable dilemma: to use force against the “terrorists” (which Yanukovych did not do in western Ukraine, when government buildings were similarly seized, and arsenals looted), and possibly precipitate the country’s break-up, or to passively watch the proliferation of self-styled “people’s republics” and lose control of the south-east. Either way, Ukraine’s continued instability should cast a shadow over the May 25 presidential elections there and prevent the full legitimization of the pro-Western regime in Kiev.

Meanwhile, Kiev’s new backers in the European Union and the United States have been long on verbal support for Ukrainian democracy and in their condemnation of Russian actions, but rather tardy with financial relief. Yet, absent urgent and massive assistance to Ukraine coupled with a strategy of economic reform, Eastern Europe’s largest country will plunge into tailspin and likely disintegrate. In these circumstances, military exercises with NATO forces in Ukraine will hardly help.

A “battle for Ukraine” will bruise all its participants, and may well lead to the country’s partition. To forestall that scenario, Americans, Europeans, Russians, and Ukrainians themselves need to jointly discuss urgent economic steps in finance, energy, and trade, linked to a constitutional framework which would provide for a sort of balance within Ukraine and in its international relations and affiliations. A failure to come together on this issue would turn Ukraine into a failed state or a battleground in a new confrontation. There is still time—but just before the next fateful weekend.