Reply To: Russian Stocks Plunge 44% in 2022


For the first time, Russia is saying it does not regard Donbas as part of Ukraine. That could pave the way for Moscow to send military forces into the separatist regions openly, using the argument that it is intervening as an ally to protect them against Ukraine.

Alexander Borodai, a Russian parliament member and former Donetsk political leader, said last month that the separatists would then look to Russia to help them wrest control of parts of the Donetsk and Luhansk regions still under the control of Ukrainian forces. If that happened, it could lead to open military conflict between Russia and Ukraine.