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It is not clear what scale this potential war could be on, but considering there is already war-like fighting going on Ukraine, it isn't hard to think that he may be referring to something far more sinister and large.
I don't think a NATO bombing campaign is in the works for this conflict. The air defenses for the separtist/Russian forces are pretty good.
I think you'll see the massive armament of Ukraine's own forces along with training which they are already getting. A full Ukraine mobilization should be enough to turn the tide and force Putin to openly send in troops or back off.
I wouldn't be surprised to see NATO airforces mass in bases around Poland and Germany however for another option.
Russia’s Hardening Line
The worsening situation in the east and the fear of U.S. military weapons arriving in the west have prompted a shift in Moscow’s view of the Ukraine crisis, including a readiness to resupply the ethnic Russian forces in eastern Ukraine and even provide military advisers.
These developments have alarmed European leaders who find themselves caught in the middle of a possible conflict between the United States and Russia. German Chancellor Angela Merkel and French President Francois Hollande rushed to Kiev and then Moscow this week to discuss possible ways to defuse the crisis.
The hardening Russian position now seeks, in effect, a division of Ukraine into two autonomous zones, the east and the west with a central government that maintains the currency and handles other national concerns. But I’m told that Moscow might still accept the earlier idea of a federated Ukraine with greater self-governance by the different regions.
Putin also does not object to Ukraine building closer economic ties to Europe and he offered a new referendum in Crimea on whether the voters still want to secede from Ukraine and join Russia, said a source familiar with the Kremlin’s thinking. But Putin’s red lines include no NATO expansion into Ukraine and protection for ethnic Russians by disarming the neo-Nazi militias, the source said.
If such an arrangement or something similar isn’t acceptable and if the killing of ethnic Russians continues, the Kremlin would support a large-scale military offensive from the east that would involve “taking Kiev,” according to the source.
A Russian escalation of that magnitude would likely invite a vigorous U.S. response, with leading American politicians and pundits sure to ratchet up demands for a military counterstrike against Russia. If Obama were to acquiesce to such bellicosity – to avoid being called “weak” – the world could be pushed to the brink of nuclear war.
So Putin the guy who apparently wants war, hasnt mentioned it once, but the people who supposedly want peace keep mentioning war and alluding to some sort of greater conflict???