Merkel's only policy is "preservation of power". There's nothing else.
The crisis has little potential to kick her out of office, so don't expect anything drastic from her, for doing nothing is her default stance (she's a German post-Erhard conservative, after all).
In the end, the Ukraine is not an allied power and lost a region which overwhelmingly preferred secession.
Besides, the football world championship launches in a few weeks. This means no politics or policy is going to happen for weeks. The bi-annual re-awakening of German nationalism during such (world and European) football championships isn't going to affect foreign policy either.
The priorities would be different if the Ukraine was in NATO or the EU, that's for sure. The Bundeswehr would now be in the Ukraine with much more forces than in the symbolic deployments such as the one to Turkey.
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