Friday, January 15, 2016

Bloomberg: Russia and Ukraine finally break up

According to Russian news agency TASS, trade turnover between Russia and Ukraine decreased by 80% in 2015. Since Ukraine declared independence in August 1991, it sought to establish an identity that would set it apart from Russia.
However economically, Ukraine remained Russia's colony. In 2013, its trade turnover with Russia, at $31.8 billion according to the official Ukrainian statistics agency, reached 28 percent of its total trade.The last two years, since Ukraine's "Revolution of Dignity," the Russian annexation of Crimea and the Russian-backed insurgency in eastern Ukraine, have seen perhaps the biggest breakup between neighboring, closely interconnected countries in post-World War II history.  Read more at http://www.bloombergview.com