Emerging Markets, Stocks

Merkel Says Ukraine Peace Fragile

Battalion "Donbas" in Donetsk region (Wikipedia)

Battalion “Donbas” in Donetsk region (Wikipedia)

Angela Merkel and Francois Hollande met with Vladimir Putin in Moscow on Friday. On the following day, German Chancellor said, during the Munich Security Conference, that prospects for peace in Ukraine are “uncertain“. She also defended borders in Europe as “inviolable” according to CNN.

“Russia has shown disrespect for peace and violated territorial integrity. Changing borders by force is out of line with peace and security. It risks escalation” added Chancellor Merkel.

U.S. Vice President Joe Biden, said it was time for Russia not to just agree to peace but to act on it.

“Too many times, President Putin has promised peace and delivered tanks, troops and weapons,” Biden said.

“We believe we should attempt an honorable peace. We also believe the Ukrainian people have the right to defend themselves,” Biden said

Merkel made clear that she would not do a deal with Russia that bypasses Ukraine’s leadership, saying she “will not decide anything over the heads of anyone.” The solution must be in line with the Minsk agreement, she said.

About ETFalpha

Chief ETF Strategist & Co-Founder at EMerging Equity


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