121. Crimea's Overlooked Instability
- Author:
- William Varettoni
- Publication Date:
- 06-2011
- Content Type:
- Journal Article
- Journal:
- The Washington Quarterly
- Institution:
- Center for Strategic and International Studies
- Abstract:
- It was, perhaps unfortunately, a picture broadcast round the world. Ditching decorum, Ukraine's protesting parliamentarians hurled eggs, set off smoke-belching flares, poured glue in voting machines, and duked it out (literally) within their legislative chamber on April 27, 2010. At issue was the parliament's ratification of a lease extension for Russia's Black Sea Fleet in the Ukrainian port of Sevastopol, Crimea. The lease was due to expire in 2017, but will now (most likely, although nothing is ever set in stone in Ukrainian politics) continue through 2042. In exchange, Ukraine will receive a roughly 30 percent discount on natural gas imports from Russia, worth up to $40 billion over 10 years. If it works as advertised, Kyiv sold some of its sovereignty for a stronger economy. Given the current economic environment, few dispassionate observers would begrudge Ukraine this singular tradeoff.
- Political Geography:
- Russia and Ukraine