The truth?
America and Europe have no choice but to accede to Russia’s terms.
They’re not willing to go to war over Crimea. Ukraine itself is a geopolitical prize and is lock, set and match for the Russians.
Who don’t need an agreement to get what they ultimately want. The West is a playing with a weak hand.
This reminds me of the secret negotiations the British had with the Soviets near the end of WWII. If I recall correctly, Churchill and Stalin agreed that the British should have 20% influence in eastern Europe.
It was all a farce. Stalin was going to take it all of eastern Europe, and Churchill could do nothing to stop him.