The announcement of a deal between Ukraine and Russia, putting an end to the hopes of Ukraine signing the EU’s offer of an association agreement (AA) for the foreseeable future, has been championed in some circles as a geopolitical victory for Moscow. Certainly, in relation to the battle that has commenced over the past few months between the EU and Russia in offering their mutually exclusive deals to Ukraine, Russia has unequivocally come out on top, for now.