Need this answered asap describe the crisis in ukraine: consider who is involved, what is going on, and why it is happening.

The crisis in Ukraine started  on November 21, 2013. The Ukraine government was about to sign and agreement with the European Union, which will allow them to be a part of the EU trading block. Unfortunately, the president of Ukraine at that time Viktor Yanukovych eliminated all preparations, and the association agreement could not longer be implemented.

There were massive protests from the supporters of the agreement and eventually, a revolution was initiated by the organizers of the protests, resulting in Mr. Yanukovych destitution from power. After his ousting from power the eastern and Southern regions of Ukraine began to unrest because they were loyal supporters of Yanukovych, and they were not very happy about the situation.

The situation turned into a full blown political crisis when Russia, aware of what was happening invaded them regions, and took control and later annexed the Ukrainian region of Crimea which was an autonomous area at the time. Later the protesters against the revolutionary government  of Ukraine became a pro-Russian insurgency, often equipped and trained  by Russian forces. The conflict is still going on and has the potential to turn at any time into a full blown war.  

Russia has put troops in the Ukraine and has declared war on them

Explanation:

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.