Despite Russia’s overwhelming advantage in size and firepower in its conflict with Georgia, the Kremlin may have the most to lose if the fighting there continues. It is too soon to know with certainty who was responsible for the initial outbreak of violence in South Ossetia, but the war that began there is no longer about Georgia’s breakaway regions or Russian peacekeepers.

By acting disproportionately with a full scale attack on Georgia and seeking the ouster of Georgia’s democratically elected President Mikheil Saakashvili, Moscow is jeopardising its standing in Europe and the broader international community – and risking very real practical and political consequences.