Today Vladimir Putin announced he will pull back Russian troops from the Ukrainian border. However, The White House stated that it has yet to see these words produce any meaningful action:
A White House spokesman, Josh Earnest, told reporters traveling with President Obama aboard Air Force One that while the United States would welcome a Russian military pullback from the Ukraine border region, “there has been no evidence that such a withdrawal has taken place.”
Regardless, this message from Putin has to be a relief for the Obama administration, as the options to respond to Russia's aggressive maneuvers were limited at best. Narrow sanctions against high-profile individuals close to Putin had already been levied, and any wider sanctions would have risked economic damage not only to Russia, but all nations dependent on Gazprom exports. Any military options are fraught with peril at best.