US Policy on Ukraine: Follow the Money

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Don’t underestimate the role played by Yanukovych’s foreign-investor-unfriendly economic policy in spurring the US intervention in Ukraine

By Stephen Gowans

A favored leftist explanation of the United States’s and European Union’s intervention in Ukraine revolves around the geopolitical imperative for Washington of containing a US military rival, Russia, and bringing NATO up to its borders by integrating Ukraine into the US-led military alliance. What’s rarely mentioned is that the role played by the United States and its European subalterns in supporting the Maidan uprising and the consequent rise to power of the pro-Western coup government has also been motivated by the goal of building a more congenial climate in Ukraine for the profit-making activities of Western corporations and investors.

While Ukraine’s economy is understood by leftists to be capitalist and therefore not to raise a red flag at the US State Department, it is far from true that Ukraine’s economic…

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