A confluence of forces have besieged the former communist country, creating a perfect economic storm. The rouble is tumbling at an alarming rate, but that’s not all, here are some of the factors.
1. Sanctions
Years of political corruption in Ukraine eventually led to the ‘Revolution of Dignity’ in February 2014, ousting the corrupt president Viktor Yanukovych, who fled his lavish mansion and asked for refuge from Putin. Russia then seized parts of Ukraine and launched a covert invasion into Ukraine. Obama issued three executive orders that imposed economic sanctions on Russia. A move that has been echoed by almost all of …read more
Source: The Epoch Times
