
The tension and cinematic events unfolding in Ukraine, especially in its part of Crimea, is a move seemingly replicating the cold war. The political impasse is triangular in nature due to the involvement of Moscow, the west and Kiev in the crisis. The paper examines the nature of the current crisis in Ukraine and analyses the relationship between the hitherto Russo-American containment and rivalry under the era of cold war. With the aid of library instruments, the paper discovers that, secession of Crimea is a reality, where Russia will never allow her borders threatened by the existence of the west in Ukraine. The paper concludes that, Russia and the west are in a critical contest for the ownership and control of Ukraine, as the situation exacerbates, the annexation of Crimea by Russia is the best solution, that is, win-win situation. The paper also recommends that, maximum restraint should be exercised by the united states and NATO under the European union, as excess pressure may result to a third world war, among other things.