They’ve used the Olympics as an opportunity to launch their territory grabs not once but three bloody times: Georgia, Crimea, and now Ukraine. If anything they’ll try and nab something else rather than agree to a ceasefire. Ridiculous.
Russia will use this as bargaining for Russia to be allowed to compete under their flag rather than the individual neutrals that's has been previously agreed and lob some cruise missiles at Odessa when everyone is watching the 100m final.
In all likelihood Russia will continue its murderous campaign on the region Olympics or not.