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Ukraine Broke, Bruised And Battered

Politics / Eastern Europe Feb 22, 2014 - 03:18 PM GMT

By: Raul_I_Meijer

Politics

There’s a lot more to the Ukraine situation than meets the eye. The country was already on the verge of bankruptcy before the protests started three months ago, and seems dead set on default now. Russia seemed willing to help, but the protests against Yanukovych are protests against Putin too. Moreover, Russian banks have substantial holdings of Ukrainian bonds.


Then, there’s of course the energy question. Ukraine relies on Russian gas and oil. It’s also where Russia’s pipelines for Europe are located:

One thing is obvious from this map: Russia and Ukraine have a very tight relationship whether they want it or not. And Putin may not like the EU trying to improve its ties with Ukraine, but if your man in Kiev’s a guy who has elite snipers shoot his country’s young men straight through the heart by the dozen, you may need to rethink your position. Because Putin can’t send in his troops to Kiev anymore, those days are gone.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2014 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Raul Ilargi Meijer Archive

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