Economics: Minsk ceasefire agreement in tatters

Макроэкономика 03.11.2014 On Sunday, pro-Kremlin militants carried out elections in the parts of the Donetsk and Luhansk oblasts under their control. While Kiev officially views the elections there as a farce and the EU and the West in general do not acknowledge them as legitimate, the Kremlin has been supportive not only in words, but also in the delivery of another convoy of so-called humanitarian aid which included soldiers and armaments. Social media provided many instances of these shipments in Donetsk and Luhansk. The talks in Kiev are about the Donbass region being flooded with Russian army soldiers. The Kremlin has violated the Minsk ceasefire agreement, and a new wave of geopolitical complications is likely.