Ukraine
The history of Russia and Ukraine’s relationship is a long and complicated one. As one of the former Soviet Union countries, Ukraine has close ties to Russia and has historically had a great economic dependence on the current Federation. However, it is mostly due to this complicated relationship that Ukraine is still considered a developing nation. In fact, Russia’s economic interactions with Ukraine have had an overall negative effect on the developing nation and are somewhat responsible for its lack of development due to these close and complicated economic ties. In response, the international system gives development aid to the Ukraine in grand amounts for a European country.
As the Soviet Union began to collapse in the early 90s, …show more content…
In fact, by 2013, Russia’s imports to Ukraine accounted for 29% of Ukraine’s total imports whereas Ukraine’s imports to Russia accounted for roughly 5%. Ukraine also depended on Russia for the majority of its exports as 23% of them go to Russia. Also, four of the major banks in the Ukraine are Russian based, further proving the great involvement Russia has in Ukraine’s economy. There is also a close connection with Russia’s energy exports. In 2014, Russia’s natural gas exports to Ukraine accounted for roughly 53% of Ukraine’s total natural gas consumption. This close relationship with Russia is mostly due to the very pro-Russian former Prime Minister and recent President Ukraine had for nearly ten years on and off. Viktor Yanukovych’s presidency began in 2010 and lasted until the end of the Ukraine crisis in 2014. During his presidency, Yanukovych implemented several pro-Russian actions such as extending the lease of Sevastopol, the base where the Russian Black Sea Fleet is housed (in Crimea). He also very clearly expressed his favor for Russia and gathered more and more power while in office. Eventually, the time came for Ukraine to make a clear decision between the closer ties with the European Union (EU) or Russia. Yanukovych, of course, chose Russia over the EU, which resulted in the “Revolution of Dignity” a large part of the recent Ukraine
The history of Russia and Ukraine’s relationship is a long and complicated one. As one of the former Soviet Union countries, Ukraine has close ties to Russia and has historically had a great economic dependence on the current Federation. However, it is mostly due to this complicated relationship that Ukraine is still considered a developing nation. In fact, Russia’s economic interactions with Ukraine have had an overall negative effect on the developing nation and are somewhat responsible for its lack of development due to these close and complicated economic ties. In response, the international system gives development aid to the Ukraine in grand amounts for a European country.
As the Soviet Union began to collapse in the early 90s, …show more content…
In fact, by 2013, Russia’s imports to Ukraine accounted for 29% of Ukraine’s total imports whereas Ukraine’s imports to Russia accounted for roughly 5%. Ukraine also depended on Russia for the majority of its exports as 23% of them go to Russia. Also, four of the major banks in the Ukraine are Russian based, further proving the great involvement Russia has in Ukraine’s economy. There is also a close connection with Russia’s energy exports. In 2014, Russia’s natural gas exports to Ukraine accounted for roughly 53% of Ukraine’s total natural gas consumption. This close relationship with Russia is mostly due to the very pro-Russian former Prime Minister and recent President Ukraine had for nearly ten years on and off. Viktor Yanukovych’s presidency began in 2010 and lasted until the end of the Ukraine crisis in 2014. During his presidency, Yanukovych implemented several pro-Russian actions such as extending the lease of Sevastopol, the base where the Russian Black Sea Fleet is housed (in Crimea). He also very clearly expressed his favor for Russia and gathered more and more power while in office. Eventually, the time came for Ukraine to make a clear decision between the closer ties with the European Union (EU) or Russia. Yanukovych, of course, chose Russia over the EU, which resulted in the “Revolution of Dignity” a large part of the recent Ukraine