Nearly 18 years after the collapse of the Soviet Union and the ensuing restoration of Ukraine’s independence, the country has yet to make a clear, committed choice about its geopolitical future. Having established itself as a sovereign state in the 1990s, Ukraine’s foreign policy sought to balance its drive to build links to Europe and the United States with its need to maintain stable relations with Russia.

Many believed the 2004 Orange Revolution and Viktor Yushchenko’s subsequent election as president would lead to a concerted Ukrainian push to integrate fully into Europe and the Euro-Atlantic community. But political infighting within Kyiv and other problems have stymied the country’s efforts to take advantage of its new opportunities. The upcoming presidential election hopefully will result in an executive branch that can execute more coherent policies than has been the case in the past four years.

The United States and European countries that would like to see Ukraine more closely linked to the West will have to decide the best way to pursue engagement with Ukraine after Ukrainians choose their next president. It is possible, for example, that the new president will adopt a more modest pace to efforts to integrate into institutions such as NATO, while showing greater sensitivity to Russian concerns. In such a case, the United States and Ukraine’s supporters in Europe should maintain robust relations with Kyiv and press the country’s government to implement needed constitutional and economic reforms, while keeping doors open and working with Ukraine to integrate it into Europe and the Euro-Atlantic community at a pace that Kyiv will choose.

As the Bush administration comes to a close, U.S.-Russian relations have fallen to their lowest level since the Soviet Union collapsed in 1991. Unresolved and problematic issues dominate the agenda, little confidence exists between Washington and Moscow, and the shrill tone of official rhetoric approaches that of the Cold War.

This state of affairs is a far cry from what Presidents George Bush and Vladimir Putin envisaged in 2002, when they defined a framework for a qualitatively different U.S.-Russian relationship. Both sides bear responsibility for the failure to realize that vision.

As President Barack Obama takes charge of the Oval Office, he confronts a wary and assertive Russia among the many foreign policy challenges in his inbox. Moscow desires to reclaim “great power” status, an ambition fueled over the past five years by hundreds of billions of dollars in energy revenues. Its desires are colored by a bitter perception that the West took advantage of Russian weakness in the 1990s and that Washington has failed to take serious account of Moscow’s interests. Building a more sustainable relationship with Russia will not prove easy.

Ukraine and Ukrainians will be tested over the course of 2009. The global financial and economic crisis already has provoked a deep recession and falling living standards. Kyiv will need to make a real effort to strike a balance between integration into Europe and the Euro-Atlantic community and maintaining stable relations with Russia. Doing so will not be easy, as Russia regards Ukraine’s pro-Western policy as inimical to Russian interests, and Ukraine’s politics are subject to influence from Moscow. In particular, Ukraine must address its energy security situation, where it remains vulnerable to Russian pressure.