I would put nothing past Putin. I would also like to remind the people of Western Europe why it is not comfortable to be dependant on Russian oil/gas. Bloody scary stuff if you ask me.
If this escalates further, I will be watching:
Venezuela (who is buddy buddy with Putin on oil deals and shares a hatred t=for the US and capitalism)
Iran (and their wacko leader who tend to on with Russian in matter concerning oil and gas, especially in the hot bed that is the Caspian Sea)
US (because of friendship with the UK and some rocky relations over Caspian oil with Russia - I know everyone on mumsnet hates Dick Cheney but he is spot on on his views of Russia and their abuse of power through oil and gas pipelines)
France (who often sucks up to Russia, but Sarkozy might be different)
China
(because they are closer to Russia than they are to the West.)
So, where will that leave in terms of the global business market. Hmmmm... I suppose all etes on India then.
There is so much stuff that can go so wrong if we return to a cold war.
And, oh God, who will be president of the United States? Shit shit shit....