Russian Forces in East Start Combat Drill

Russian President Vladimir Putin on Thursday ordered military forces in the country’s east to carry out a major exercise to test their preparedness.

This is a second major drill of combat readiness since June when the conflict in eastern Ukraine was already raging. That drill in the Volga region and the Urals involved 65,000 troops. In May, Russia and China held a joint naval exercise in the East China Sea.

Defense Minister Sergei Shoigu said on state television on Thursday that the “combat alert” in the eastern military district, which encompasses eastern-most territories including those bordering on China and Japan, was issued at 10 a.m. Moscow time, or 0600 GMT.

Russia news agencies later quoted Shoigu as saying that the seven-day drill will test the defense of Russia’s sea border. As part of the exercise Russia’s Pacific fleet will repel the enemy’s naval attack.

Putin on Wednesday accused the West of using the Ukraine crisis to reinvigorate NATO, and said Moscow will ponder a response to the alliance’s decision to create a rapid-reaction “spearhead” force to protect Eastern Europe.

via Kitco

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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