I think in fairness Pete, the world and particularly Europe, is trying to act, it's just trying to balance the risks. For Tories, that seemingly includes the risks to their donors.
By the time all this is over, one way or the other, I don't think the Russian military will be in any fit state for another adventure. Honestly, I still don't see any way that they'd risk taking on NATO directly.
We might not be able to do much in Ukraine, but one of the levers I'd be tempted to pull right now would be to place Georgia's current borders under NATO protection, even if not classed as a full member. I wouldn't put boots on the ground, as that would be provocative, but I'd certainly do it by treaty long before Putin even thinks about pulling this one again.