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Ukraine, Russia On The Brink Of War.

shriram | 24th March 2014 | Politics And Government
Ukraine, Russia On The Brink Of War.

    Crimea was part of Russia. Then in 1954, it became part of Ukraine. The crisis today is about which country should control it now. About 2 million people live in Crimea. Around 60 percent see themselves as ethnic Russians and speak Russian. The population also includes ethnic Ukrainians they tend to feel closer to Ukraine. Russian forces in Crimea urged Ukrainian forces to give up their weapons and stand down. Ukraine and warned Russia of worldwide isolation if it persisted with its aggression.
The world’s major industrial nations effectively suspended Russia indefinitely from the Group of Eight and warned that they would impose stronger economic sanctions against Moscow if President Vladi­mir Putin expands his military intervention in Ukraine. Markets took a dive, with Russia’s main stock index down almost 13% and the rouble off by 3% despite central bank efforts to shore it up. The Russian central bank hiked interest rates and said they may go higher.


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