The political economy of the Ukrainian crisis



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The current crisis in Ukraine is a reflection of the aggravation of the inter-imperialist conflict in a multipolar world. It is a byproduct of an evolving global situation in which the United States, in a quest to preserve its global hegemony, shifted its policy from the Global War on Terror in the 2000s, to targeting conflicts sovereigns with Russia and China – major powers that embody particular policies. , economic and military. The behavior of the US government towards Russia and China differs in that China has now become its biggest economic rival and Russia has maintained its unquestionable authority when it comes to building a powerful military-industrial complex.

We have seen in recent history how China has positioned itself as a major world power in terms of political and economic initiatives like the Belt and Road, but it has also kept pace with the arms race in because of continued US aggression. Anyway, the United States has never defeated Russia as the most powerful country in terms of next-generation armaments and nuclear weapons. Therefore, despite the undefeated military presence of the United States in almost all parts of the world, its formula of aggression against Russia is rationalized by entering into the wider rivalry of European imperialist powers inclined to a more diplomatic approach like the Kingdom United, Germany and France. After all, the assertion by the United States of its global hegemony will never be maintained without fighting to maintain in place its military and economic dominance.

To understand the heart of the crisis in Ukraine, one needs to have a clear landscape of the political economic underpinnings involved. In doing so, it should not be viewed solely as a conflict of narratives between Russian President Vladimir Putin “interfering with Russian action and that would lead to consequences that you have never seen in history” and US President Joe Biden “the world will hold Russia accountable”. It has always been about how the sovereign people of Ukraine have suffered from the long-running armed conflict between the Russian and Ukrainian regimes – a conflict organized by none other than the US government and the North American Treaty Organization ( NATO).

The United States, NATO, Russia and the Ukrainian regime as key players

Russia, Belarus and Ukraine, as founders of the Soviet Union, decided to co-sign the original Minsk Agreement in 1991 as a modern revisionist response to take the path of capitalist restoration claiming to end the cold threats. War.

“It is a matter of history that modern Soviet revisionists from Khrushchev to Gorbachev and Yeltsin had the illusion that if the Soviet Union took this path, Russia would return to the European homeland, join the Council of Europe and would enjoy the ‘dividend’ of peace like the United States and its NATO partners,” the president emeritus of the International League of Peoples’ Struggle, Professor Jose Maria Sison, said in a statement.

“The 1991 Minsk Agreement sought to dissolve the Soviet Union and form the Commonwealth of Independent States in exchange for assurances from the United States, NATO and the Organization for Security and Cooperation in Europe ( OSCE) that the human rights and democratic rights of the former Soviet republics would be respected and that NATO would not recruit from former members of the Warsaw Pact and would not expand to the borders of Russia”, added Sison.

The 1991 Minsk agreement did not prevent the American strategy of taking control of the republics of the former Soviet Union through economic aid, investments and geopolitical and commercial alliances. This strategy was effective in controlling American influence over Eastern Bloc countries such as Poland, Hungary, Yugoslavia, and Romania. It has also been effective in attracting former republics such as Moldova, Latvia, Georgia, Uzbekistan and Ukraine. The others that weren’t pulled by the US and were more aligned with Russia – like Belarus, Kazakhstan, Bulgaria and Tajikistan. This redistribution of major global alliances with the help of NATO not only strengthened the US military presence in all these republics, but also resulted in policies of constriction against Russia as the biggest military rival of the United States. . To prevent Russia’s global economic interests, the United States imposed sanctions that significantly deprived Russia of refurbishing its military equipment. All this is the geopolitics of monopoly capital on all sides.

Launch pad for the West vs. Russia proxy wars

Ukraine is called the breadbasket of Europe for good reason. It produces 16% of the world’s corn and 12% of its wheat, in addition to being a major exporter of barley and rye. Russia considers Ukraine as part of its sphere of influence because Ukraine is also the world’s largest producer of metals such as nickel, copper and iron. It is also involved in the export and manufacture of essential raw materials like platinum, neon and palladium.

As part of the Soviet Union, there was a shift of resources and geopolitical advantages between Russia and Ukraine. Soviet-era dinosaur companies dominated the southern and eastern provinces of Ukraine. Similar to those in Russia, they were all built in Soviet times as part of a single, integrated, energy-rich economy. But manufacturing in Russia is weak, most of the advanced systems and science about it have been taken to Ukraine. Russia may have had gas and oil deposits, but they don’t have Ukraine’s manufacturing capacity. Thus, Russia is dependent on the export of gas which passes through Ukraine.

The United States sees itself as defending Ukraine against Russia and has taken the position of doing so by imposing economic sanctions to deter the latter from continuing aggression in Ukraine. For example, the construction of a new gas pipeline directly from Petrograd to Germany. Russia cannot access it due to the sanctions imposed by the United States and absorbed by the Ukrainian regime.

On the other hand, Russia sees Ukraine as a front in this war waged by the West against Russia. Ukraine’s estrangement from Russian influence was felt to be the final death knell for Russian power in Eastern Europe. Russia claims to profit from Ukraine’s gas exports and, because of US sanctions, it is tying up Ukraine. On the other hand, the US is using Ukraine to further coerce Russia.

Turning point: 2014 coup at the instigation of the United States

Ultimately, it is Ukraine’s economy, not Russia’s, that is eroding fastest under the threat of war. Ukraine, like Belarus, functioned as a buffer zone between the US-NATO powers and Russia.

The turning point in the Ukraine crisis came in 2014 when the United States managed to stage a coup to overthrow the pro-Russian Ukrainian government which had ties to the pro-Nazi party during World War II and had been at the forefront of bloody repression against the anti-fascist rebellion of the masses. The United States and its NATO allies installed a pro-Western, neo-fascist Ukrainian government after the coup; and he always ignored the Minsk agreement which was supposed to create autonomous regions and would have ensured stability in the region.

But Russian-speaking nationalist forces in the Donetsk and Luhansk regions declared independence from Ukraine and Russia after an open referendum in response to the US-backed coup and sparked no violence since this statement.

With its continued violation of the Minsk Agreement, the now US-controlled Zelenskyy government in Ukraine continues its wars of aggression against the declared independent governments of Donetsk and Lugansk as well as Crimea which voted to join the Russia.

“Ukrainian fascists were able to kill so many Russians and destroy their homes and workplaces and cause the reduction of the overall Russian population in Ukraine by over 22-17% (or over three million) by forcing them to seek refuge in Russia and other countries as refugees,” said Sison.

Ukraine: a prize neither Russia nor the United States can win

The conflict in Ukraine is an example of how sovereign countries become launching pads for inter-imperialist proxy wars, mainly because of their geopolitical and economic positions. In keeping with Cold War-era “divide and conquer” doctrine, the United States has strategically recruited far more NATO members to curtail Russia’s political, economic, and military influence.

In its defense of its own hold on power, Russia anticipates US design and intent, which is why it continues to demand compliance with the Minsk Agreement. Either way, desperation on both sides prompted Russia to declare an invasion of Ukraine – and that’s not necessarily different from the long-running wars of aggression orchestrated by the United States. These two interventions will never guarantee the Ukrainian people their true national liberation and self-determination.

The crisis in Ukraine indicates the beginning of a dangerous tension all over the world. The Ukrainian people are more than ever confronted with the challenges of the conflict between Russia and the Western powers, and against the puppet regime of Zelensky.

Accepting the Russian invasion will never be an option. To be the pawns of the American imperialist agenda against Russia is not the solution. There is no advantage of the two great powers whose real main objective is to assert and parade their world domination. The territorial and social integrity of the Ukrainian people rests solely on the strong global anti-imperialist solidarity in the face of escalating conflicts, instability and threats of war. (RVO) (

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