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Are Uefa Serious about kicking racism out of football?

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A very short post today, on a news snippet that has nothing to do with The Gunners.
Uefa have fined Porto for  it’s supporters “racist conduct” during a Europa League match against Manchester City.  Mario Balotelli and Ya Ya Toure were targeted with offensive chants during February’s 2 – 1 victory.
The amount of the fine?  A derisory £16,500!  Yes that’s right £16,500. 
Porto will hardly notice the fine, the fans won’t give a damn and racist abuse will go virtually unpunished.
Are Uefa serious about kicking racism out of football?  It doesn’t look like it from where I’m sitting.