Crimea in State of Emergency After Electricity Pylons Blown Up

A state of emergency has been declared in Crimea after pylons carrying electricity from Ukraine were blown up cutting off power to almost two million people, media and the Russian government said on Sunday.

The Russian Energy Ministry didn’t say what had caused the outages, but Russian media reported that two pylons in the Kherson region of Ukraine north of Crimea had been blown up by Ukrainian nationalists.

The attack, if by Ukrainian nationalists opposed to Russia’s annexation of Crimea from Ukraine last year, is likely to further increase tensions between Russia and Ukraine.

via CNBC

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 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