Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Ukraine Separatists Ask Putin to Annex Donetsk Following Referendum; Sanctions Hypocrisy

Politics / Ukraine Civil War May 12, 2014 - 06:48 PM GMT

By: Mike_Shedlock

Politics

Separatists in Donetsk claim a turnout of 74.9% in a referendum on self-determination with 89.7% voting in favor of self-rule.

Ukraine says turnout was 32%. I suspect the truth is somewhere in between but that's a pretty wide gap. Even 32% turnout seems respectable given the circumstances.


The Ukrainian government claims the election was a farce and the US called it illegal. Nonetheless, Separatists Urge Russia to Annex Donetsk in Wake of Referendum.
In a statement, Denis Pushilin, one of the separatist leaders in Donetsk, said the rebels had asked Moscow to consider absorbing the self-proclaimed Donetsk People’s Republic, “based on the will of the people and on the restoration of a historic justice”.

“The people of Donetsk have always been part of the Russian world,” he said. “For us, the history of Russia is our history.”

The US, France, Germany and Britain have been pushing for broader economic measures against Moscow if it derails Ukraine’s election on May 25.

However, ministers in Brussels did not reach agreement on the election being a trigger point for a third phase of sanctions. The 28 member states concluded only that they would “pay particular attention to all parties’ attitude and behaviour towards the holding of free and fair presidential elections when deciding about possible future measures”.

In a statement on Monday, the Kremlin said: “Moscow respects the choice of the people of the Donetsk and Luhansk regions and hopes that implementation of the referendum’s results will proceed in a civilised manner through dialogue between representatives of Kiev, Donetsk and Luhansk, and without a repeat of violence.”

“The farce which terrorists in cahoots with separatists call a referendum is nothing more than propaganda to cover up for killings, kidnappings of people, violence and other serious crimes . . . which are inspired by the leadership of the Russian Federation, whose aim is complete destabilisation of the situation in Ukraine, derailing presidential elections and overthrowing Ukraine’s leadership,” Mr Turchynov said in a statement.

Sergei Lavrov, the Russian foreign minister, on Monday accused Kiev and the US of refusing to engage in dialogue with the separatists. “It’s a pity that some people in Washington and Kiev are opposed to starting a dialogue with the regions,” he told reporters in Moscow. “The fact that the OSCE’s road map has not been given out publicly is further confirmation that Kiev is not ready to talk with the people [of southeastern Ukraine].”


France to Honor Warship Contract Russia

While the US pressures European nations for more sanctions, many of which on individuals who have nothing to do with the crisis, France Won't Cancel Warship Deal with Russia

France will press ahead with a 1.2 billion-euro ($1.66 billion) contract to sell helicopter carriers to Russia because cancelling the deal would do more damage to Paris than to Moscow, French diplomatic sources said on Monday.

The long-discussed French sale was Moscow's first major foreign arms purchase in the two decades since the fall of the Soviet Union. Former President Nicolas Sarkozy had hailed the signing of the Mistral contract as evidence the Cold War was over. It has created about 1,000 jobs in France.

Russia's Mistral purchase would give it access to advanced technology, alarming some of France's NATO allies.

Sanction Madness

At a meeting today to discuss more sanctions, the EU and US agreed to sanction 13 more individuals but did not name names. In addition, the EU also slapped asset freezes on two firms in the Crimean region.

In the stupid bluff of the day, British Foreign Secretary William Hague reiterated the EU’s threat to move to wider sanctions on whole sectors of the Russian economy if the tension in Ukraine does not subside.

Precisely who is responsible for the tension? And who is in control of Donetsk?

It it wasn't a bluff, then it was just plain stupid. Regardless, warship sales to Russia must go on! So does the madness, hypocrisy, bluffs, and endless stream of propaganda from both sides.

By Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Click Here To Scroll Thru My Recent Post List

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management . Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Visit Sitka Pacific's Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.

I do weekly podcasts every Thursday on HoweStreet and a brief 7 minute segment on Saturday on CKNW AM 980 in Vancouver.

When not writing about stocks or the economy I spends a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com .

© 2014 Mike Shedlock, All Rights Reserved.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Mike Shedlock Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in