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Tuesday, 10 June 2014

#Ukraine Says Peace Talks With Russia Yielding Progress - Bloomberg #EuroMaidan

Ukraine Says Peace Talks With Russia Yielding Progress - Bloomberg:



"By Daria Marchak, Daryna Krasnolutska and Volodymyr Verbyany Jun 10, 2014 6:04 AM GMT+0100 



Ukraine’s Foreign Ministry said peace talks with Russia in Kiev yielded progress, after the country’s new president called for a rapid end to separatist violence.
The three-way meetings yesterday and the day before, which also involved the Organization for Security and Cooperation in Europe, reached agreement on implementing parts of President Petro Poroshenko’s peace plan and on priorities for de-escalation in the eastern regions of Donetsk and Luhansk, the ministry said in a statement. It didn’t give details.
Ukraine’s army is fighting pro-Russian separatists in those provinces, and blames Russian President Vladimir Putinfor stirring up the unrest after annexing Crimea in March. Ukraine’s U.S. and European allies have imposed sanctions on Russia and threatened to tighten them unless Putin acts to ease tensions. Russia says Ukraine must stop using armed force against its own citizens in the mostly Russian-speaking east.
The ministry said the Kiev talks will continue in the same format. They took place between Ukrainian Ambassador to Germany Pavlo Klimkin, the Russian envoy to Ukraine, Mikhail Zurabov, and Heidi Tagliavini, a special representative from the OSCE.
A separate set of talks took place in Brussels yesterday over gas prices and money owed for past supplies. Russian exporter OAO Gazprom (OGZD) has threatened to cut off supplies if Ukraine doesn’t pay some of its debts by today. The discussions ended without an agreement, though they may resume today, said European Union Energy Commissioner Guenther Oettinger.
Photographer: Ferhat Demircan/Anadolu Agency via Getty Images
Ukraine's new president, Petro Poroshenko, right, stands after taking the oath of... Read More

Russian ‘Mercenaries’

Billionaire Poroshenko, 48, took office June 7 after winning elections last month. He said at his inauguration that he would draft plans to decentralize power and proposed a partial amnesty and free passage for Russian “mercenaries.”
Clashes have persisted since the speech between rebels and Ukrainian army units seeking to reassert Kiev’s control over the eastern regions.
In Slovyansk in the north of Donetsk province, scene of some of the fiercest fighting, an eight-year-old child died from wounds caused by artillery fragments, local news wire Ostrov reported yesterday. Authorities of the self-proclaimed Luhansk People’s Republic ordered the shutdown of the local airport, which was attacked overnight by insurgent groups who targeted government troops with mortar rounds, television channel 1+1’s TSN program reported today.

‘Window for Peace’

Russia’s financial markets have rallied in recent weeks on expectations the tension is easing. The Micex stock indexhas posted a 20 percent jump since mid-March. The ruble added 0.5 percent yesterday against the central bank’s basket of dollars and euros.
Ukraine’s bonds joined the rally last month, after approval of a $17 billion International Monetary Fund loan, and have surged since Poroshenko and Putin held their first presidential meeting last week. The yield on dollar debt due in July 2017 plunged 40 basis points to 8.58 percent yesterday, down from 14.7 percent five weeks ago.
In his inaugural speech, Poroshenko switched between languages to address Russian speakers in their mother tongue, pledging to “preserve and strengthen Ukrainian unity and ensure lasting peace.” He said he’d steer the nation toward closer ties with the EU, create jobs and stamp out graft.
To contact the reporters on this story: Daria Marchak inKiev at dmarchak@bloomberg.net; Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net; Volodymyr Verbyany in Kiev at vverbyany1@bloomberg.net
To contact the editors responsible for this story: Balazs Penz at bpenz@bloomberg.net Ben Holland, Larry Liebert"



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