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According to his State of the Union address, United States President Barack Obama has solved the Russia problem. His brief passage on the subject shows he’s either blind to the dangers of the deteriorating relationship between Moscow and the West or merely too quick to take credit for a victory that is not even on the horizon.

Here’s what Obama had to say about the biggest threat to European stability since the fall of the Berlin wall 25 years ago:

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“We’re upholding the principle that bigger nations can’t bully the small — by opposing Russian aggression, supporting Ukraine’s democracy and reassuring our NATO allies. Last year, as we were doing the hard work of imposing sanctions along with our allies, some suggested that Mr. Putin’s aggression was a masterful display of strategy and strength. Well, today, it is America that stands strong and united with our allies, while Russia is isolated, with its economy in tatters. That’s how America leads — not with bluster, but with persistent, steady resolve.”

Every one of these sentences is, to put it mildly, a stretch.

The U.S. has indeed disapproved of Russian aggression in Ukraine, and loudly enough for everyone to hear. But that doesn’t mean it has supported Ukraine’s democracy.

Ukraine has long asked the West for help in tracking down the money and assets amassed by its former corrupt rulers. Last year, the Federal Bureau of Investigation and U.S. Treasury even set up a task force to assist that effort. But nothing has been heard since. In the meantime, Vice-President Joe Biden’s son Hunter has been hired as the top lawyer for Burisma, Ukraine’s biggest independent natural gas producer, which is owned by former ecology minister Mykolai Zlochevsky, whom Ukrainian prosecutors seek for corruption-related crimes. Biden Senior takes regular trips to Kiev to talk up democracy and reforms and to condemn Russia, while his son’s boss is probably hiding out in Moscow like most other close allies of former president Viktor Yanukovych.