A study on International Relations (IR) Essay Example | Topics and Well Written Essays - 2500 words

A study on International Relations (IR) - Essay Example It is therefore natural that the Ukrainian Crises has significant impact in international business as pro-Russian and pro-European forces clash inside the country. This essay makes an analysis of the implication of the Ukrainian Crisis on international business while appreciating the fact that the crisis has ceased being an internal matter to one pitting Russia on one hand and most of European countries and the United States on the other. The beginning of the Ukrainian Crisis was greatly influenced by the events leading to the ouster from power of Russian-backed President Viktor Yanukovych. President Viktor Yanukovych was removed from power following widespread protests against his decision to suspend the EU–Ukraine Association Agreement in favour developing closer ties with Russia (Yakovenko, 2014; Fisher, 2014). Pro-Russian separatists in Donetsk and Luhansk were also emboldened by the annexation of the Ukrainian peninsula of Crimea by Russia. The decision by Viktor Yanukovych not to a trade deal with the European Union was seen by many pro-European Ukrainians as propagating the interests of Russia instead of promoting policies positive outcomes for the people of Ukraine. Russia reacted to these assertions by providing financial incentives, which included offering 50 percent price reduction on natural gas in addition to 15 billion dollars as financial aid package for the economically weak country. Following Viktor Yanukovych’s removal from office, and replacement with Arseniy Yatsenyuk who is a pro-Western technocrat, there was an escalation of tension between Russia and Ukraine. Russia reacted to the ouster of its ally by declaring it an illegal revolution followed by deployment of its troops into Crimea to take control of military facilities and ports. The annexation of Crimea following a referendum in favour of self-determination led to more