Saturday, August 9, 2014

Economic war in the Ukraine

Well week after week goes by and the war continues in the Ukraine. Could it be Russian special troops acting like rebels? Are there real Ukraine rebels sick of the country's route to the EU and the West?

Anyway the truth is there is a lot of economical hassle around this war. Ukraine will have to pay a bigger price on the Russian gas and as they say in Game of Thrones, winter is coming. They have also lost Crimeea, Russians were quick to seize it and annex it. Not to say their economical ties with Russia, all cut. One can say Ukraine is now on the brink of disaster, bankrupt and desperately needing funds - but where to get them?

Russia on the other hand starts to have problems with the economic sanctions imposed by the West. Sure it still has to sell its gas all over EU, gets the French Mistral warships and all but can they stand a long economic cold-war? Only time will tell.

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