Ukraine Easter Truce Ends Relaunches Anti-terrorist Operation

Ukraine’s government has formally ended an Easter truce and is relaunching the “active phase” of an “anti-terrorist operation” to eliminate armed pro-Russian separatist groups in the east, First Deputy Prime Minister Vitaly Yarema said on Wednesday.

Yarema, who has a role in security matters, told reporters on the sidelines of a weekly cabinet meeting the new action was not yet underway, but added: “In the near future, appropriate measures will be taken and you will see results.”

Speaking a day after Vice President Joe Biden visited Kiev, he added: “We have obtained the support of the United States, that they will not leave us alone with an aggressor. We hope that in the event of Russian aggression, this help will be more substantive.”
Kiev’s first push failed last week to retake one of the towns in the mainly Russian-speaking east occupied by the separatists, and its military has largely suspended operations since the United States, Russia, Ukraine and European Union signed a deal in Geneva last week intended to calm the crisis.

But the agreement is already in trouble, with Washington and Moscow putting the onus on each other on Tuesday to ensure that it is implemented, including a stipulation that the rebels must disarm and leave the government buildings they have occupied.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza