09.03 0530 ET BREAKING NEWS: Poroshenko Agrees to Ceasefire in Ukraine Civil War

by John Galt
September 3, 2014 05:30 ET

The following statement is from the official webpage of the Ukrainian President:

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The Kremlin’s website had the following statement also:

Vladimir Putin has had a telephone conversation with Ukrainian President Petro Poroshenko.

An in-depth discussion of the military and humanitarian crisis in Ukraine was continued. The heads of state exchanged opinions on what needs to be done as a matter of priority to ensure a speedy end to the bloodshed in the south-east of the country.

The views of the presidents of the two countries on the possible ways out of the crisis were, to a large extent, the same.

This pretty much cedes the Donbas region to the Russian Federation in the long run and will eventually force the withdrawal of all Ukrainian forces from Mariupol and eventual recognition of the legitimacy of the Donetsk People’s Republic and Lugansk People’s Republic in some form, whether as an independent member of a federation or as independent states affiliated with the Russian C.I.S.

Putin wins again, Obama and Soros lose. Wow.

 

Edit to add at 0600: Now only Poroshenko agrees to ceasefire, Putin’s office has no sway over the DPR and LPR. Russian media is all over this as is the US financial media, so who cares if there is a ceasefire, stocks will rally on this news, true or not. Check out the futures at 0600 from CNBC’s website:

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