Emerging Markets, Frontier Markets

Ukraine’s Poroshenko Warns Of ‘Colossal Threat’

Ukraine’s president has warned his country there is a “colossal threat” that large-scale fighting could resume in the east, and said the military should be prepared to defend Ukraine against a possible invasion along its border with Russia.

Ukrainian President Petro Poroshenko (L) examines map at a miliarty base close to Slovyansk, in the Donetsk region. Photo courtesy of AP.

Ukrainian President Petro Poroshenko (L) examines map at a miliarty base close to Slovyansk, in the Donetsk region. Photo courtesy of AP.

Petro Poroshenko spoke in an annual address to parliament on June 4, a day after the heaviest fighting between government troops and Russian-backed separatist forces in eastern Ukraine in months.

The European Union said the clashes were the biggest breach yet of a February truce agreement and expressed concern they could lead to a “new spiral of violence and suffering.”

The EU warned Russia that the future of sanctions imposed on Moscow over its interference in Ukraine would depend on implementation of a tenuous February peace deal known as Minsk II.

Poroshenko said that more than 9,000 Russian soldiers were currently in Ukraine, and that Ukraine’s military must be prepared for the possibility of “a full-scale invasion along the entire length of the border with Russia.”

Ukrainian military spokesman Andriy Lysenko said on June 4 that at least five Ukrainian soldiers were killed and 39 wounded in the June 3 fighting with separatist forces near the town of Maryinka, 30 kilometers west of the rebel stronghold of Donetsk.

Lysenko also said that 80 rebel fighters were killed and 100 wounded in the fighting. His claim could not be independently verified.

The Ukrainian military says the separatists, using tanks and artillery, tried to take government positions in an offensive on June 3 in violation of Minsk II.

The rebels blame government troops for the fighting and say 15 civilians and separatist fighters died in shelling by government forces.

But the OSCE’s Monitoring Mission said it observed a dozen tanks and other armored vehicles in rebel-held areas, moving “generally in a westerly direction towards the contact line — close to Maryinka, preceding and during the fighting.”

The mission’s statement said the Ukrainian military informed the OSCE that it would move heavy artillery to the contact line to deal with the “real threat” posed by the fighting.

The military said on June 3 that Ukraine had warned its “international partners” about its redeployment of the heavy weaponry, which it said was necessary to repel a separatist offensive that involved 1,000 fighters as well as tanks, mortars, and artillery.

Heavy artillery had been pulled back under Minsk II as part of an effort to create a demilitarized zone between government-controlled and rebel-held territory in the Donetsk and Luhansk regions.

Fears For Minsk

The EU voiced strong concern about the fighting and called on all sides to adhere to the cease-fire deal.

“The violent fighting in Maryinka near Donetsk in the east of Ukraine constitutes the most serious violation of the cease-fire arising from the Minsk accords in February,” European Commission spokeswoman Maja Kocijancic told reporters.

She added that it followed the movement of a “large quantity of heavy weapons towards the line of contact” by the separatist rebels.

In a warning to Russia, Kocijancic noted that EU leaders had linked future decisions on easing or tightening EU sanctions against Moscow to implementation of Minsk II, which included the cease-fire agreement and other steps to resolve the conflict between Kyiv and the separatists.

“The leaders have made a very clear link between the restrictive measures and the full implementation of Minsk, but they have also said that they remain if necessary [ready to] take further steps,” she said. “This remains the EU’s position.”

France’s Foreign Ministry called on June 4 for an immediate end to the fighting.

The Minsk II deal, brokered in the Belarusian capital by German Chancellor Angela Merkel and French President Francois Hollande, has served as the basis for a shaky cease-fire that has decreased fighting but not stopped it.

The fighting on June 3 deepened fears that the Minsk II deal could fall apart entirely, but by midday there had been no reports of major hostilities on June 4.

The conflict has killed more than 6,400 combatants and civilians in eastern Ukraine since April 2014 and further damaged ties between Russia and the West, which had already been severely strained by Moscow’s seizure of the Crimean Peninsula from Ukraine in March 2014.

Accusations Of Blame

Ukraine on the one hand, and Russia and the rebels on the other, traded blame for the upsurge in fighting.

On June 4, Kremlin spokesman Dmitry Peskov accused Kyiv of provoking the new fighting to put pressure on the European Union to extend sanctions against Russia. The bloc is set to decide on the matter this month.

“The Ukrainian side has taken steps to aggravate tensions many times in the past in the run-up to some major international events,” Peskov said. “This used to happen and we are seriously concerned now over the most recent manifestation of such activity.”

Russian Foreign Minister Sergei Lavrov said the same day that the Minsk agreement is “constantly under threat because of the actions of the Kyiv authorities.”

Kyiv, NATO, and Western governments accuse Russia of providing arms, personnel, and training to the separatists in the conflict.

Moscow has repeatedly rejected the accusation despite mounting evidence of such involvement.

As Kyiv and Western governments worried that the new fighting could be the start of a rebel push further west in Ukraine, NATO’s chief said on June 4 that no alliance member was under “immediate threat.”

Ukraine is not a NATO member, but the fighting there and Russia’s annexation of Crimea, which most countries consider illegal, have raised concerns among other European states — particularly the ex-Soviet republics in the Baltics — about Moscow’s intentions.

NATO Secretary-General Jens Stoltenberg told Norway’s public radio NRK on June 4 that Russia’s actions in Crimea, eastern Ukraine, and Georgia — where Russia fought a five-day war in 2008 — showed that Moscow is ready to use force to change borders in Europe.

“What we see is more unpredictability, more insecurity, more unrest,” Stoltenberg said. “[But] I believe we don’t see any immediate threat against any NATO country from the east.”

Stoltenberg said NATO’s “goal is still cooperation with Russia…. That serves NATO and it serves Russia.”


Courtesy of Radio Free Europe/Radio Liberty (RFE/RL)
.
Radio Free Europe/Radio Liberty (RFE/RL) is a broadcasting organization that provides news, information, and analysis in 21 countries where free press is banned by the government or not fully established.  
.
Copyright (c) 2015. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave NW, Ste 400, Washington DC 20036.

About ETFalpha

Consultant & Founder of ETFalpha ◦ Chief ETF Strategist & Co-Founder of EMerging Equity

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow Us On Social Media

Google Translate

Like Us On Facebook

The SSE Intl Roadshow

The Saudi Stock Exchange International Roadshow

Our Discussion Groups

Facebook Group
LinkedIn Group

Follow EMerging Equity on WordPress.com

Our Social Media Readers

Digg
Feedly
Follow

Get every new post delivered to your Inbox.

Join 231 other followers

%d bloggers like this: