Kerry flying to Kiev to show support for Ukraine

U.S. Secretary of State John Kerry is traveling to Kiev today to "reaffirm the United States' strong support for Ukrainian sovereignty" as Russian troops take control of Crimea and threaten a full-scale invasion. In response, Ukraine has mobilized its reserves.

The U.S. has threatened to isolate Russia economically and is considering a range of sanctions unless it withdraws from Ukraine, including freezing assets, visa bans, action against banks and even expulsion from the G8. However, some European countries rely on Russia for energy so forging a widespread agreement on sanctions could be tough.

All sides are examining a get-out option for Russia that would involve sending international observers to Crimea and eastern Ukraine to protect the rights of ethnic Russians - one of Vladimir Putin's ostensible reasons for seizing Crimea - under any new government in Kiev.

The crisis has sent Russian markets tumbling and prompted the country's central bank to temporarily hike interest rates to 7% from 5.5%. The USD-RUB is +1.2% to 36.457 after earlier hitting 36.65. The  broad ruble-based MICEX stock index is -9.4% and the dollar-based RTS is -11.1%.



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Comments (16)
  • Bull Rider
    , contributor
    Comments (577) | Send Message
    Option 1- war markets tumble, US kerry visits, hopefully nothing happens to him otherwise we have world war 3, end of the world as we know it.
    Option 2- Putin bluffing as he knows the US are cutting their military spending and do not want another war, the markets correct as the UN decides that the crisis is not a page turner and the stock markets have a healthy correction 5-10% before April highs happen, Putin wins some other concession point with his Crimea distraction
    Option 3- Ukraine concedes Crimea that anyway once belonged to Russia- against jurisprudence and no precedent of such actions being acceptable
    Option 4- I Chinas interest in getting to South Korea make it act as a defender of Russias action, making this is multilevel super power poker game, more bad news for the stock markets.
    In a nut shell expect March to be a bummer!
    3 Mar 2014, 05:18 AM Reply Like
  • Cranios
    , contributor
    Comments (35) | Send Message
    Option 5: Kerry puts himself into the line of fire, something bad happens to him and the markets rally.
    3 Mar 2014, 02:26 PM Reply Like
  • jakoba
    , contributor
    Comments (345) | Send Message
    Buy when there´s blood in the streets… Think this is a great buying opportunity into Russian shares. They are already very cheap with a 3.4% yield and p/e of 6. Also the total debt in Russia would be amongst the lowest in the world:


    Russia also has $500B in foreign exchange reserves, and I would say the country at least has gotten better over the years, not worse. It is better to invest into Russia today than in 2007-2008. They joined WTO in 2012.
    3 Mar 2014, 06:16 AM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
 dollar terms everything is on sale there right now.


    fuel cells are having a great day today so i don't see why "Ukraine" matters to the USA...but it sure matters if you're trying to invest in Russia.
    This is a naked, unprovoked attack on a sovereign state without any basis in law or in "facts on the ground." (The "Ukrainians" are not resisting here.) I simply don't understand what this "crazy man" is thinking here.


    I do agree the USA has centuries of peaceful relations with Russia and her leaders. The idea that President Putin would want some type of "showdown" with not just the USA but the West in general simply defies belief. In the parlance of diplomacy he is taking PRECIPITOUS ACTIONS...and neither you, nor i, nor even Putin himself "knows" where he is going with this.
    3 Mar 2014, 12:32 PM Reply Like
  • Rseye
    , contributor
    Comments (1212) | Send Message
    ERUS ,, to make new low today = analyzing entry point ? take care
    3 Mar 2014, 07:01 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3839) | Send Message
    Kerry should go to the Crimea to face down the Russians. Show some guts
    3 Mar 2014, 07:52 AM Reply Like
  • taxman100
    , contributor
    Comments (646) | Send Message
    You really want to start a war over an area that wants to be part of Russia, only because some Western bankers want no opposition to their expansion into Ukraine? I do agree those are whom most Western governments really work for, but the Russians will not back down on the Crimean - it is much more important to them than to Europe.


    If I was Ukrainian, I would have to consider whether you want your children to live in a country that has become part of the moral, governmental, and fiscal decay of the West, and that includes the United States. Sure, you can buy some consumer goods more cheaply in the short term, but you will make your children debt slaves.
    3 Mar 2014, 09:22 AM Reply Like
  • User 353732
    , contributor
    Comments (5166) | Send Message
    The Russians support their allies and do not cower before their adversaries; The US Regime does the opposite. This is why Putin wins despite few strategic assets and why increasingly the world has contempt for the US elites.
    The simple fact is that the Russians want to reclaim Crimea and the Crimeans want to be reclaimed. In much of the world ethnicity more than geography or religion is what binds people and defines polities.
    3 Mar 2014, 08:21 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3839) | Send Message
    user 35...


    You're right. Putin and his pals in Crimea should have pushed for a plebiscite in Crimea. they could have avoided all the anger and ill will that's going to come out of this.


    in any event this should be good for those who want to export US gas and ag products. the US looks much more attractive as a stable supplier of energy to Europe and elsewhere.
    3 Mar 2014, 08:42 AM Reply Like
  • lcrupp
    , contributor
    Comments (104) | Send Message
    What about the 40% of all Crimeans that ARE'NT Russian ?
    3 Mar 2014, 09:40 AM Reply Like
  • ThetaDecay
    , contributor
    Comments (103) | Send Message
    Icrupp -


    They will start brushing up on their Rosetta Stone if they know what's good for them. Putin will tolerate no deviation from the Party message: the Crimean people are ethnically Russian and they welcome their liberators with open arms.
    3 Mar 2014, 01:20 PM Reply Like
  • Daniel5150
    , contributor
    Comments (269) | Send Message
    User 35..


    You are so right. Putin has become a most powerful leader.All the while our anointed the exact opposite.Keep cutting back on this once proud countries military and see what happens.Long gone are the days of respect that other countries once held in view of our military and power
    3 Mar 2014, 09:54 AM Reply Like
  • TAS
    , contributor
    Comments (3996) | Send Message
    Putin appears strong because his peer residing in the White House is very, very weak.
    3 Mar 2014, 10:13 AM Reply Like
  • Daniel5150
    , contributor
    Comments (269) | Send Message
    Could not agree more TAS
    3 Mar 2014, 10:16 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4297) | Send Message
    Kerry: Bonjour Monsieur Putin. Avez vous le Grey Poupon?
    Putin: Park it at the door Frenchie. Real men drink vodka.
    Kerry: Pardon moi.
    Putin: Thanks for the visit. Now, vamoose.
    3 Mar 2014, 10:59 AM Reply Like
  • Hendershott
    , contributor
    Comments (1842) | Send Message
    Yeah, Let's threaten military action. send in a couple of carriers, see if we can provoke something, We'll show Putin who's the boss. After all we have to protect our interests in the Ukraine. We'll give the Ukraine the $35B to prevent the economy from collapsing, and we'll find a way to get them NG at a discount. Maybe we could just take over the pipelines. McCain and co. are about the nuttiest strategists on the planet. Beating the drums of war may fire up the base but it really makes the party look scary to everyone else.
    3 Mar 2014, 04:06 PM Reply Like
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