Saturday, April 24, 2010

Let's Make a Deal!

Earlier this week, Russia and the Ukraine made an under-the-table deal to allow Russia to keep a naval fleet in the Ukraine's waters for another 25 years to the tune of about 4 Billion dollars that will be instantly accessible to the economy of the Ukraine (an extremely significant amount). Ukraine's new vice-prime minister for the economy was unhappy with the "under the table" nature of this deal, but for him, the ends justified the means. This deal also gets the Ukraine further in its mission to become an Associate member of the EU. But the implications of this deal run rampant. In 2008, the port that Russia is renting became a huge strategic piece in the invasion of Georgia- a Pro-Western territory. Effectively, for $4 billion dollars and $40 billion in energy cuts the Ukraine has sold the port to Russia for the next 42 years. Although it hasn't passed yet, the measure is expected to make it out.

David DePino

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