Posted inUkraine

Putin backfoots NATO with East Ukraine recognition

Russia’s stock market dropped by 10% and the cost of insurance on Russian sovereign risk soared after President Vladimir Putin recognized the independence of Donetsk and Luhansk, the regions of East Ukraine controlled by pro-Russian separatists since 2014. Putin’s maneuver parallels the 1993 recognition of South Ossetia and Abkhazia, two breakaway districts of Georgia, after […]