CNN reports: While the world watches the escalating crisis in Ukraine, investors and world leaders are considering how the instability could roil the global economy.
The political turmoil is rooted in the country’s strategic economic position. It is an important conduit between Russia and major European markets, as well as a significant exporter of grain.
But in the post-Soviet era, it’s a weakened economy. Now, the government is in need of an economic rescue — and torn between whether Russia or the Western economies (including the European Union) is the savior it needs.
Here are five reasons the world’s largest economies are watching what happens in Ukraine. [Continue reading…]