Subject: David Hale: The Ukraine Crisis
From: "David Hale" <[email-masked]>
To: "R. Hunter Biden" <[email-masked]>
Date: Thu, 6 Mar 2014 08:20:14 -0800 (PST)

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Dear R. Hunter,

The recent incursion of Russian forces into the Crimean region in the 
Ukraine represents Russia's boldest action since the end of the Cold 
War. Although the worst case scenarios for a military escalation appear 
to have moderated in recent days, the Crimean parliament's decision 
today to join Russia and hold a referendum on the matter in ten days 
marks a new stage in this crisis. While Western powers have limited 
means to respond to Russia's aggression in the near term, Russia will 
likely suffer from this action in the medium term due to sanctions and 
potentially being kicked out of the G-8 if the situation does not 
deescalate. I explore this situation in greater depth in the attached 
bulletin, "The Ukraine Crisis."

As always, we welcome any questions or comments.

With all best wishes,

David Hale 

Chairman

David Hale Global Economics, Inc.

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