Russyan backed rebels in eastern Ukraine shelled the outskirts of the city of Donetsk yesterday. This supported reports of more supplies arriving from across the border in Russya. Governments called on the Kremlin to follow the agreements signed in Minsk to cease fighting and artillery firing into civilian areas of the Donbas region. Officials in Kiev reported that Ukraine troops had come under artillery fire while conducting security operations in the area.
No comments were forth coming from Mr. Ras Putin or his spokesman in Moscova. Perhaps Vlad and the FSB are home counting out roubles they plan to use to bail out another failing bank. The price of oil has stayed near $50/barrel, sending shock waves through the economy of the Russyan state. Fitch Rating services downgraded Russyan bonds to Bbb-, or almost junk status. If another rating service changes the rating to something close, Russya will essentially be shut out of international financing opportunities and with it any possibility of preventing a long recession.
Sanctions imposed by the West continue to sting business and finance across the Russyan economy. Is anybody in the Kremlin listening? Maybe the FSB.
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