Activists from militant civic group Spilna Sprava (Common Cause) exit Ukraine’s Agriculture Ministry building following clashes with members of right-wing opposition party Svoboda (Freedom) in Kyiv on Jan. 29.
Ukraine declared its independence after the fall of the Soviet Union in 1991 and since then has been a member of the CIS. But it would be wrong to say Ukraine is truly independent. In fact, Ukraine is very dependent on Russia, especially when it comes to energy needs. Most of its exports are sent to Russia, and Russia is the one country that meets the majority of Ukraine's credit needs. Just like other European nations, Ukraine also buys natural gas from Russia, and it has launched new projects to purchase even more.
The Kyiv administration has been looking for ways to find some relief from the financial crisis: It is reported that Ukraine has only three months worth of currency reserves left and it needs to solve this problem urgently to prevent a default.