Europe’s Ukrainian Blunder
In steering Ukraine away from Europe, Russian President Vladimir Putin cannot be faulted for skillfully pursuing his interpretation of Russia's national interests. The blame for the outcome in Ukraine falls squarely on EU leaders, who represented European interests so badly.
BERLIN – The European Union has probably never experienced anything like it before: Ukrainian President Viktor Yanukovych’s government pretended to negotiate an association agreement, only to back out at the last minute. EU leaders felt duped; in Moscow, however, the mood was celebratory.
As we now know, Yanukovych’s real motivation for the negotiations was to raise the price that Russia would have to pay to keep Ukraine in its strategic orbit. Only a few days later, Yanukovych and Russian President Vladimir Putin announced a Russian loan worth $15 billion, a cut in natural-gas prices, and various trade agreements.
From Yanukovych’s point of view, this agreement made sense in the short run: the gas deal would help Ukraine survive the winter, the loan would help keep it from defaulting on its debt, and the Russian market, on which the economy depends, would remain open. In the medium term, however, by rejecting the EU and embracing Russia, Ukraine faces the risk of losing its independence – on which the post-Soviet order in Europe depends.
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