Any (bureaucratic) doubts the New Cold War is on have been dispelled by the Group of Seven issuing a pompous, self-described Hague Declaration. Abandon all hope those who expected The Hague to become the seat of a tribunal judging thewar crimes of the Cheney regime.
The G-7 also cancelled its upcoming summer summit in Sochi as a means of "punishing" Moscow over Crimea. As if this carried any practical value. Russian Foreign Minister Sergei Lavrov responded with class; if you don't want us, we have better things to do.  Everyone knows the G-7 is an innocuous, self-important talk shop. It's in the G-20 - much more representative of the real
world - where crucial geopolitical and geoeconomic issues gain traction.
The Hague Declaration comes complete with the kiss of death, as in, "The International Monetary Fund has a central role leading the international effort to support Ukrainian reform, lessening Ukraine's economic vulnerabilities, and better integrating the country as a market economy in the multilateral system." That's code for "wait till structural adjustment starts biting".
And then there will be "measures to enhance trade and strengthen energy security" - code for "we will destroy your industry" but "are not very keen on paying your humongous Gazprom bill".