If you question the
strategic location of Ukraine,
check out this map that Agence France-Presse made last in December — two months
before protesters in Kiev
forced President Viktor
Yanukovych out of office.
Russia has now invaded the strategic Black Sea peninsula of
Crimea, and markets are spooked at the possibility that Russian troops that are being
built up on the border could enter eastern Ukraine.
As the international tug-of-war for Ukraine continues, the
tension involving economic relations in the region — especially regarding gas
flow from Russia to both Ukraine and Europe — will increase.
Germany is perhaps
the best example of this, as described by Noah Barkin of
Reuters: "Heavily dependent
on Russian gas and closer to Moscow than any
other leading western nation, Germany
faces a major policy dilemma as the Ukraine crisis descends into a Cold
War-style confrontation of tit-for-tat threats and ultimatums."
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