The Russian government has officially recognised elections in rebel-held Donetsk and Luhansk regions in eastern Ukraine despite UN warnings that they violate the peace agreement in the country. Russia also looks like it is beginning another military buildup on the Ukraine border. While the votes are pro-Russian, they could also become a huge headache for President Vladimir Putin. Further escalation in the region could dash Moscow’s hopes of a loosening of international sanctions next year and plunge the country into a recession. Results in this morning show Aleksandr Zakharchenko, the prime minister of the self-proclaimed, pro-Russian, Donetsk People’s Republic, comfortably …read more
Source: Business Insider
