Stock traders, globally, are wise to follow the escalating sanctions war being waged over the future of Ukraine.
One can anticipate decisions by the opposing parties and make better stock trading choices with a deeper understanding of Ukraine’s history.
Ukraine is important to all Russians and not merely an object of conquest. There are deep reasons why Vladimir Putin is well-supported by most Russians.
The Political History of Ukraine
In the Middle Ages, the region was ruled by confederated principalities. The “Rus” people first consolidated the region into a “country.” The new country included much of present-day Russia. Known as “Kievan Rus,” it was the largest and strongest country in Europe. It devolved back into principalities in the 12th century and was ultimately destroyed by the “Mongol Invasion” in the 13th century.
Today’s Russia evolved from the ancient Ukrainian nation of “Kievan Rus.”
For four centuries following the Mongol Invasion, civil turbulence was the norm as outside powers fought for control over the region. These included Lithuania, Poland, the Cossacks, and the Ottoman Empire. Eventually, in the late 18th century, Ukraine fell under control of the Austrian neighbors to the West and the Russian neighbors to the East. The Dnieper River, running North and South, served as the boundary between Western and Eastern Ukraine. The Austrian Hapsburg Monarchy and the Russian Czars – though harshly done – brought a few decades of social order and relative peace to the people of Ukraine.
It was during this period that the Ukrainians developed a sense of “national” identity and civil turbulence resumed as they coped with famines and economic uncertainty.
It was World War II that forced a consolidation of national politics. This led to membership in the Soviet Union and the establishment of modern-day Ukraine as a single nation with its own political structure.
The Stalin era brought famine and atrocities. As a Soviet Bloc Nation, however, Ukraine made its greatest economic and political progress as a unified nation.
The people of Ukraine were beneficial to the Soviet Union. Their productivity in agricultural and industry consistently ranked among the top member states. Many Ukrainians provided military service and competed as Champions on numerous Soviet Olympic teams. Two Ukrainians, Nikita Khrushchev and Leonid Brezhnev, rose to the highest Soviet office.
Ukraine is a major element of Russia’s heritage.
The common historical and cultural roots of Russia and Ukraine run deep.
Twelve Years of Ukrainian Independence
The Soviet Union was dissolved in 1991. This gave Ukraine its russia Ukraine war first taste of complete Independence as a unified nation. The economic collapse of the Soviet Union brought hardship and civil turmoil back to this tiny, but well-populated new nation.
Ukraine is slightly smaller than Texas. They, though, have a population of almost 44 million which is almost twice the population of Texas. Soon, this small nation developed internal strife as it endured economic recession and a five-digit inflation rate following the collapse of the Soviet empire. Ancient cultural differences between the Austrian culture of Western Ukraine and the Russian culture of Eastern Ukraine simmered beneath the surface.
Political conflicts soon rose with numerous political corruption scandals. The political and civil turbulence is, substantially, a result of meddling by outside powers. A more complete report with much more information, entitled “Sanctions Against Russia And Unintended Consequences” can be found at the website link below.