The unfolding Ukraine situation

The unrest in Ukraine hasn’t ended with Russia’s annexation of Crimea. Now, clashes are building across many cities in the eastern portion of the country, often leading to serious violence. In several cases, pro-Russian forces have seized government buildings, igniting bloodshed in the streets. Deaths have been reported in the latest round of violence, and, according to a BBC report, the Ukrainian government is gearing up for confrontation with the protesters. The Ukrainian military has been ordered to mobilize. Some reports indicate that large numbers of Russian troops are also located not far from the nations’ border. The atmosphere is tense.

What does this mean for the rest of the world? As converged communicators who are studying International Business (GEB3373) know well, any unrest in one part of the world is bound to affect trade somewhere else. That’s especially true when one country involved – Russia – has tight economic ties to the European Union, especially as a supplier of fuel. Will Europe’s disapproval lead to further strains in the trade relationship with Russia? This question, and many others related to it, will be worth watching in the coming months.

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