This whole Ukraine political situation has all the makings of another superpower proxy battle with the Russians on one site and the West on the other. If you haven’t been following this story, the Ukraine was poised to be the centerpiece of the European Economic Union’s expansion east. However, the Ukraine is is in fiscal turmoil (great summary here), and so the government took Russia up on a to keep solvent – thus shifting the political balance to Russia’s side. This gave rise to street protests, and political unrest and rising dissident factions.
This article provides another interesting perspective on the power struggle between east and west over the Ukraine.
Yep – lots of multinational interests and natural resources to boot. It will be interesting to see how this plays out.