Carnegie Europe
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The crisis in Ukraine could affect economic ties between the European Union and Russia. At the same time, Brussels needs to rethink its energy relationship with Moscow.
Europe is divided over how to respond to Russia’s invasion of Crimea. The most powerful figure in the diplomatic tango is Germany’s Angela Merkel.
It is difficult to see how the trust can be rebuilt between Ukraine’s Viktor Yanukovych and the people after recent violence against antigovernment protests.
At December’s European Council summit, European defense topped the agenda for EU leaders. One key issue under discussion was pooling and sharing of military capabilities.
Putin’s Eurasian Union would be a set of political and economic structures, similar to the EU, that Russia would dominate. But this vision comes with a price; Ukraine’s economy is in trouble, just as Russia is suffering from low economic growth.