Sunday, March 16, 2014

Crimea: Economic fallout of a 'yes' vote

http://money.cnn.com/2014/03/15/news/economy/russia-crimea-economy/index.html?iid=Lead

On Sunday, March 17th, Crimea will vote on whether or not the region will break from the Ukraine and join Russia. The decision could have major repercussions if the vote goes to Russia. The US, for one, does not wish for Crimea to join Russia and will likely put several restrictions on Russia, such business from the country. Russia will also have to face the demands of Crimea, as it currently gets a majority of its necessary resources from the Ukraine, and how to balance that with the needs of its own country as well as the rest of the EU. The European economy will see some fallout, but nothing outrageous. Unfortunately, the Ukraine will need lots of financial support over the next few months in order to survive, regardless of Crimea's vote. Ultimately, the vote in Crimea will affect every economy involved in and that works with Russia.

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