What’s going on in Ukraine, and what’s likely to happen next? Here’s one analysis:
A real democracy in Ukraine is an existential threat to the entire system that Vladimir Putin has built since 2000. Ironically because Putin is right – most Russians regard Ukraine as a kin state, or not really a different state at all. They are used to stepping in tandem; so if something changes in Ukraine, why not in Russia too? And now the dominoes might fall in the other direction…
…[T]he new government in Ukraine, however it’s made up, will be given the briefest of ritualistic honeymoons before Russia uses every instrument at its disposal to try to make it fail. Unfortunately, Russia holds most of the economic cards. Ukraine’s coffers are almost empty, and the old guard is busy looting what is left. It has less than $18bn (£10.9bn) in hard currency reserves, its currency is dropping and immediate debt-repayment needs are more than $10bn.
Russia tied Ukraine to a $15bn bailout deal in December, which is parcelled out by the month to maximise leverage, and periodically suspended whenever the opposition looked like getting the upper hand. But Russia’s real aim was to provide just enough money to support the old semi-authoritarian system (helping Viktor Yanukovych pay the police) and keep Ukrainian society post-Soviet, that is, still dependent on government. So Ukraine’s new leaders will have to be honest and say their aim is to dismantle both. They cannot declare victory now, but will have to plead for popular support during what will be two or three difficult years.
The new Ukraine will pay more for gas, which will be regularly cut off for “technical reasons”. Russia’s crazy “food safety” agency will declare that everything that comes out of Ukraine is radioactive. Ukrainian migrant workers will be sent home now they have finished helping to rebuild Sochi.
Worst of all, Russia will work hard to try to re-corrupt the political system.
I freely admit that I know very little about Ukraine—including the fact that until recently I kept calling it the Ukraine. But the above seems credible to me.