India has to tread a fine line in this imbroglio: Taking care of the welfare and evacuation of Indian students and the possibility of an oil price hike.
The face-off over Ukraine between Russia and the United States and its Nato allies has been dominating the headlines for a while now with tensions ratcheting up as we receive dire public warnings every day of a Russian invasion any day now. Clearly, the possibility of Russian intervention there, and the consequent escalation of sanctions against them, is very real and concerning.
While Ukraine may be a developing country and the poorest in Europe, by no means is it a pushover. It is the second-largest country there, behind Russia, by area, and in terms of population the eighth largest with its 42 million inhabitants. It has been independent since 1991, following the collapse of the Soviet Union, though it had been a part of the Russian Empire and the Soviet Union since the 18th century. If there is one lesson that Putin and the Russian military should have learnt from America’s disastrous interventions in Iraq and Afghanistan is that invasions are relatively easy to accomplish, but keeping restive and hostile populations under control is a wholly different proposition.
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