RUSSIAN INVASION AND ECONOMIC CRISIS IN UKRAINE

SHAHROKH WALECK DALPOUR

ABSTRACT

Ukraine has had serious problems since its split from the Soviet Union in 1991.
Even though Ukraine is independent from the Soviet Union, they still have a
hold on Ukraine’s political direction, impacting and influencing stability in that
nation today. The mixture of Democracy and Communism in the country today
also is very important in many aspects. The flow of money that comes in and
out of Ukraine is so unstable that other countries or multinational corporations
do not want to do business with Ukraine. This gravely concerns those countries
bordering the Ukraine that are part of the European Union. Any organization
that could be considered part of the “safety net” such as the EU is at a disadvantage
when it comes to providing assistance that the Ukraine needs. This, in turn, leaves
Ukraine very vulnerable to manipulation from other countries, such as Russia.
The sticky past that marks the history of these two countries in part explains why
the Ukraine is like it is today. Politically and ideally Ukraine is split down the
middle (East and West).In the East there are still believers in the Soviet Union’s
ideas and the Western half is ready for democracy and new ideas Ukraine’s
future. Eastern Ukraine is where Russia is still strongly associated with Ukraine’s
economies. Russia depends on the large flow of exports that the Ukraine sends
to them, which in turn supports Ukraine’s economy. In addition to the Ukraine
being affected by Russia’s recent invasion, other countries are also feeling the
impact from this political and military intrusion. There are other national that
will be affected, in Europe and overseas. Recent scholarly articles have examined
the Ukraine and the way it handles its policies with multi-national corporations
(MNC) and the lack of economic growth. While these are problems the Ukraine
has been facing for many years, the world is now looking at the impact MNC has
on the local economy as well as the impact of Ukraine’s long history with Russia.
The fact that Russia exerts so much on Ukrainian economy can only be seen as
unfortunate. Considering that Russia is their largest exporting country, cutting
ties will dramatically affect Ukraine’s economy.