Economy
March 9, 2014
The Ukraine Crisis from a Steel Perspective
Written by Sandy Williams
An ousted president, deadly violence, military insurgence and a possible secession—the crisis in the Ukraine has been moving at an alarming speed in the last several weeks.
As the Ukraine struggles to create a new government, economic sanctions are increasingly being considered by the global powers to sway preferred outcomes. The US and the EU are imposing sanctions against Russia for its interference in Ukraine domestic matters. The US has restricted travel visas for Russian individuals deemed a threat to Ukraine sovereignty. The EU has suspended talks with Russia on visas and an economic pact. Russia warned the Ukraine it will increase natural gas prices should the country side with the EU. Within the Ukraine, sides are forming as pro-Russia supporters in the Crimea parliament refuse to recognize the interim government in Kiev and propose seceding from the Ukraine.
