A deal has been reached over the Ukraine crisis, and that will supposedly “de-escalate tensions and restore security.” This deal is between the EU, U.S., Russia and Ukraine. I guess this is good news, but I would call it extremely temporary. This is supposed to lead to disarming the pro-Russian militia and returning control of government buildings in Eastern Ukraine.
Loyal Ukrainians and pro-Russian factions have been going at it, and I am not sure this deal is going to “de-escalate tensions.” Even President Obama is skeptical. He said that the U.S. has to be ready to “respond to what continue to be interference by the Russians.” The military option is off the table according to the White House. So, that leaves sanctions that nobody wants, especially in the EU. Massive amounts of business are done between Russia and the EU. The global economy is weak at best, and in some places in Europe, you can call it a depression. Meanwhile, Russian President Vladimir Putin says he has,“the right to use military force in Ukraine.” Russia is going to end up with much of Ukraine, and I do not think there is much anyone is going to do about it. Continue reading