Pro-Russian Rebels Ignore Putin Command to Postpone Referendum

May 8, 2014 Share Print 0

Pro-Moscow separatists in eastern Ukraine ignored a public call by Russian President Vladimir Putin to postpone a referendum on self-rule, declaring they would go ahead on Sunday with a vote that could lead to war.

The decision,which contradicted the conciliatory tone set by Putin just a day earlier, caused consternation in the West, which fears the referendum will tear Ukraine apart.

U.S. Deputy Secretary of State William Burns said Russia was heading down a “dangerous and irresponsible path” and the situation in Ukraine was “extremely combustible”.

Denis Pushilin, a leader of the self-declared separatist Donetsk People’s Republic, expressed gratitude to Putin but said the “People’s Council” had voted unanimously on Thursday to hold the plebiscite as planned.

via CNBC

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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.