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How should India respond to the crisis in Ukraine?

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The developing confrontation between the West and Russia on the Ukraine issue does not serve India’s interests. We have very friendly ties with the US, Europe and Russia and would prefer not take sides. This would require very deft diplomacy on our part. India is now an important global player and both sides will be watching the position India takes. The US will want some show of support for its position, while Russia will want us to take an independent position and not succumb to US pressure. For India an actual military conflict will be most undesirable because its international repercussions will be grave and cushioning against them by us will be most difficult. The US and the EU are issuing repeated warnings at the highest level that in case Russia invades Ukraine it will face sanctions of unprecedented severity. Russia has already been subject to severe sanctions in recent years and seems to have absorbed them so far without excessive difficulty. It has warned the West that the ne