New Minsk ceasefire agreement reportedly reached

Макроэкономика 11.02.2015 In a multi-phased diplomatic attempt to negotiate a ceasefire advanced another step late yesterday night as representatives from Ukraine, the OSCE, Russia, and the pro-Russia militants convened in Minsk for the proposed talks. As they reportedly agreed to take a few steps, the media mentioned a possible demarcation and pull back of artillery. Other details were naturally absent. Although the leaders of Ukraine, Germany, France and Russia are expected to sign an agreement today, whether this ceasefire agreement will be followed is to be discovered. The Kremlin might not be prepared to completely withdraw its forces from the Donbas. Hence, it is going to be a replica of Transdnistrian enclave which has been controlled by the Russian army. Moreover, Putin will likely blackmail Kiev authorities by threatening another boat of aggression. Hence, in our view the Minsk ceasefire agreement could be an ongoing disarray.