Ukrainian President Warns of War Threat from Russia

Ukrainian President Petro Poroshenko on Tuesday warned of a new world war triggered by the conflict in eastern Ukraine that has left 4,000 people dead so far and led to a crisis between Russia and the West.

“The First World War ended 96 years ago. I wish to end the war (in eastern Ukraine ). I don’t want to give a chance to somebody to start a third world insanity,” Poroshenko wrote on his Twitter account.

The First World War left 10 million people dead and led to the collapse of four empires, the German, Austro-Hungarian, Ottoman and Russian, the Ukrainian president noted.

Today, nobody in Europe celebrates the victory, they only remember the dead, Poroshenko said.

He added that in war there are no winners or losers, there are only survivors from both sides.

“Today, we defend the territorial integrity of Ukraine and will always defend our land and our right to independence and development”, the president declared.

The conflict, which began earlier this year, has heightened tension between Russia and the West and fears that Moscow was flexing its military might in the republics of the former Soviet Union.

Before the conflict, Russia annexed the Ukrainian territory of Crimea, leading to sanctions against Moscow by the United States, the European Union and others.

Clashes between pro-Russian separatists and Ukrainian troops continue in eastern Ukraine despite a truce that was signed by the two sides in September.

In the latest development, three soldiers were wounded in attacks launched by the rebels on Monday on positions of the Ukrainian army in the conflict zone, according to the military.

Fighting has intensified after the separatists held elections on Nov. 2 despite warnings from the Ukrainian authorities.

via Witco

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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