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Why has Ukraine sparked a global crisis?

Tensions in the region could affect everything from gas prices to our food supply.

KIEV, Ukraine — Why are the world’s super powers in a showdown over Ukraine?

Located in eastern Europe, Ukraine is the second largest country by land in the area, surpassed only by its neighbor, Russia.

It was part of the Soviet Union until 1991 when it gained independence.

Now it's seen by both the western world and Russia as a buffer between the two.

In 2014, Ukraine’s Russia-friendly president was replaced with a government more friendly to the West. A sign of Russia’s fading power in eastern Europe. 

RELATED: Russia sets the stage for Ukraine takeover; NATO countries prepare sanctions

If Russia successfully invades, other former Soviet republics could start feeling the heat.

Diplomats have said this is the most tenuous situation since the end of the Cold War. 

At the birth of that conflict, the U.S. helped form the security alliance called NATO. Its goal was to protect members from threats by communists countries. 

Now it includes three former Soviet republics and Ukraine has made moves to join.

Russian President Vladimir Putin has demanded that not happen, sparking this conflict.

RELATED: What to know about the Russia-Ukraine tensions

An invasion could have a big economic impact.

According to the New York Times, Russia supplies about one-third of Europe’s gas and a lot of it is shipped through Ukraine.

If that supply chain was disrupted, it could drive oil prices up around the world.

An invasion could also drive up food prices. The Black Sea is a major route for the world’s grain supply. Since it borders both Russia and Ukraine, global food costs could climb.

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