Ukraine Forces Recapture Eastern Stronghold

Ukrainian forces routed pro-Russian rebels in a flashpoint area of eastern Ukraine on Saturday and raised the country’s blue and yellow flag again over what had for months been the separatist redoubt of Slaviansk.

A Reuters reporter saw a convoy of about 20 military transport vehicles and buses filled with armed rebels driving out of Kramatorsk where they had gone after apparently fleeing Slaviansk 20 km (12 miles) to the north.

About 100-150 Ukrainian troops patrolled the centre of Slaviansk and some soldiers were bringing out weapons and ammunition from one of the administration buildings the rebels had been using as a headquarters.

Shooting could be heard from the outskirts of the town which had served as a stronghold for rebel forces command, and one Ukrainian soldier said the city was not yet fully under government control.

Newly-appointed Defence Minister Valery Heletey appeared confident in reporting to Ukrainian President Petro Poroshenko.

“Your order to free Slaviansk from the (separatist) fighters has been carried out,” he was quoted as saying on the presidential website.

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