I will have a look more in-depth in Russia Direct either later today or Monday, but let's recap:
1. Markets were bearish on Russia anyway
2. Russia moved its troops into another sovereign nation in breach of its treaty obligations with that nation and others
3. Markets ran away.
Indeed, as Bloomberg news has pointed out, two Putin cronies lost $3.2 billion in one day in the market plunge, while the entire market loss on March 3 was more than the entire amount spent on the Sochi Olympics (remember them? Seems so far away). The market closed yesterday lower than the Bloody Monday close on March 3, and the ruble is in free-fall. There is no way that Russia comes out of this in any way, shape, or form a winner. Especially if the daffy economic policy in Crimea appears to be Russian-inspired.
In short, way to go! It's not often you can find a government institutionally capable enough to create a perfect policy, but this one appears to have absolutely no upside. Congrats are in order!