Russian Stocks & Rouble Freefall as Putin Recognizes Donbas Independence

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  • #33936
    TradersCom
    Keymaster

    Tensions between Russia and Ukraine continued to soar after Russia’s parliament appealed to Putin to formally recognize the Russian-backed separatist
    [See the full post at: Russian Stocks & Rouble Freefall as Putin Recognizes Donbas Independence]

    #33938
    TradersCom
    Keymaster

    White House statement

    We have anticipated a move like this from Russia and are ready to respond immediately. President Biden will soon issue an Executive Order that will prohibit new investment, trade, and financing by U.S. persons to, from, or in the so-called DNR and LNR regions of Ukraine. This E.O. will also provide authority to impose sanctions on any person determined to operate in those areas of Ukraine. The Departments of State and Treasury will have additional details shortly. We will also soon announce additional measures related to today’s blatant violation of Russia’s international commitments.

    To be clear: these measures are separate from and would be in addition to the swift and severe economic measures we have been preparing in coordination with Allies and partners should Russia further invade Ukraine.

    We are continuing to closely consult with Allies and partners, including Ukraine, on next steps and on Russia’s ongoing escalation along the border with Ukraine.

    #33939
    TradersCom
    Keymaster

    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.

    #33940
    TradersCom
    Keymaster

    Worth noting … it recognized the independence of Abkhazia and South Ossetia, two Georgian breakaway regions, after fighting a short war with Georgia in 2008. It has provided them with extensive budget support, extended Russian citizenship to their populations and stationed thousands of troops there.

    #33944
    MoneyNeverSleeps
    Participant

    Putin to Biden “How is your Presidents Day going Sir?

    #33945
    MoneyNeverSleeps
    Participant

    UN Security Council will meet on Ukraine 9pm ET in the US on Monday 21 February 2022

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