More Value In Cutting Up Monopolies? It Depends…
DR CHAN YAN CHONG | 02 MAY 2014
Tension in Ukraine raised by a few notches recently when the Russian parliament authorised Putin to the use of force in Ukraine. Alarmed, the Ukrainian interim government was quick to accuse Putin for trying to start a third world war. The G7 called for an emergency meeting to impose further sanctions against Russia, and that gave the US stock market an excuse for going into adjustment.
The third world war accusation was certainly exaggerated, for that was what the Ukrainian interim government hoped would stimulate the United States to send in troops to help them regain control of eastern Ukraine. On the other hand, America would never do that, because the Crimean region is in fact inhabited by people from Russian descent. Ukraine will hold its presidential election in May, and Putin’s series of actions is calculated to influence its outcome. The biggest problem facing Ukraine today is that of an economic collapse, which will throw the country into poverty and debt. Russia threatened to cut off its gas supply to Ukraine if it does not pay up its outstanding gas bill. Although the European Union (EU) has pledged to help, the Ukrainian government has yet to receive any aid money. The US government has just started redeploying its global strategic plan and pivot back to Asia, and it is not likely to stray from this strategy.
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