Bill O’Reilly tonight discussed the world’s response to Russia’s invasion of Ukraine.

“So far, it’s been all talk, no action,” he said, adding that politicians in the United States and western Europe are condemning Russia’s actions but doing little else.

The British media has reported that the UK’s government will not curb trade with Russia or impose sanctions. France wants to have “mediation,” and Italy wants to “suspend preparations” for the G-8 summit in Russia, but has not said it wants to suspend the summit itself.

“Germany says Putin is living in another world, but since Russia is Germany’s biggest supplier of energy, Putin can live in any world he wants to live in,” O’Reilly said, concluding that the Germans will likely fold.

“So you can see that Putin’s having a grand old time violating international law and watching the western powers kneel,” he said.

Putin knows the west is weak and that Obama likely will not be able to rally Europe against Russia. O’Reilly said that NATO — which is supposed to be the bulwark against Russian oppression — is powerless because Europe does not confront illegal international behavior.

“I hate to use the cliché, but the Ukraine situation – same old, same old. And Putin knows it,” he said.

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Charles Krauthammer was on “The Factor” to respond to O’Reilly’s Talking Points Memo.

“Obama’s a little bit late at rallying anybody against anybody,” Krauthammer said. He explained that the first thing Obama did when he took office was that he announced the “reset,” reversing sanctions against Russia for its 2008 invasion of Georgia. Then, Krauthammer said Obama canceled a missile defense agreement with Poland and the Czech Republic.

“Putin looks at this guy and says, ‘I’m dealing with an adolescent,’” Krauthammer said of Obama.

In response to Russia’s invasion of Ukraine, Obama has canceled military relations and diplomatic connections, and Krauthammer said the president will also begin to freeze some assets. He said that all of those actions are good, but not good enough.

Krauthammer said Obama should announce joint military exercises with Baltic states that have large Russian populations.

Watch the full Talking Points Memo and Krauthammer’s response in the video above.

Powerful analysis of the Ukraine crisis on Fox News:

McCain: China Will Follow Putin With 'More Aggressive' Actions

Palin on 'Hannity': ‘Putin Doesn’t Change His Stripes’

Bill O’Reilly on Putin: ‘Long Past Time to Deal With This Thug’

Krauthammer: Obama 'Is Living in a Fantasy World'

Rumsfeld: ‘It Is U.S. Weakness That Has Shaken the World’