HomeNewsWorldFactbox: What is Crimea and why does it matter?

Factbox: What is Crimea and why does it matter?

Crimea accounts for 3 percent of Ukraine's GDP, with 60 percent of its own output made up by services. The land is intensely farmed, with wheat, corn and sunflowers as main crops.

March 10, 2014 / 22:24 IST
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Ukraine's Crimean peninsula is at the centre of the worst East-West standoff since the Cold War. We take a quick look at why it matters to the world.

Also Read: Russia sticks to its demands in Ukraine crisis

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History

Crimea, which juts out into the Black Sea off southern Ukraine, was absorbed into the Russian empire along with most of ethnic Ukrainian territory by Catherine the Great in the 18th century. Russia's Black Sea naval base at Sevastopol was founded soon afterwards.