important for putin because he is watching very, very closely what the western reaction is going to be. he's been very clever about sort of putting his toe in the water here. he hasn't, you know, done some sort of massive move to go for kyiv right off. instead, he started off with the donbas areas in recognizing those two so-called statelets and he's watching carefully. nord stream 2, a very strong reaction and that's the kind of reaction that is called for. i think less good news out of the american administration where we are sort of kind of not being as firm as i'd like to see it saying things like, well, this is the beginning of an invasion. that implies we're going to begin to start to maybe do things. putin will see that as a sign of weakness and flexibility he's got, unless of course, the president comes out this afternoon and puts on the full heart of super sanctions like taking him off swift and other things like that.