Sanity is victorious on the Ukrainian front ?

We'll have to wait and see.  As matters stand at the moment, the parties involved seem to have come to some sort of an arrangement or agreement.

Roland Oliphant writing at Telegraph:
....Vladimir Putin has secured   key concessions from Ukraine and its Western supporters as the Kremlin was offered a central role in determining the future of its neighbour and former client state.
Four-way talks in Geneva involving Kiev and Moscow, alongside the US and EU, called for steps to end the occupation of eastern cities by pro-Russian sympathisers.
If the agreement holds, a monitoring mission of the Organisation of Security and Co-operation in Europe would oversee the handover of occupied government buildings by protesters in return for an amnesty for anyone not facing capital crimes.
Ukraine’s interim government in turn agreed to accept future talks on far-reaching constitutional reform that would grant the Russian-speaking east the extensive autonomy demanded by the Kremlin.
There was little detail however on how the parties could meet the challenge of persuading the pro-Russian protest movement to withdraw from public buildings as well as convince the anti-Russian militia groups in western Ukraine to accept Russia demands for all armed groups to disband.
President Barack Obama warned that the West could not count on Russia to honour the terms of an agreement to ease tensions in eastern Ukraine and that the US was prepared to further ramp up sanctions against Moscow if it failed to uphold the deal.
Hours after talks in Geneva produced the surprise agreement the president struck a sceptical note.
"My hope is that we actually do see follow-through over the next several days, but I don't think, given past performance, that we can count on that," Mr Obama said.......