Friday 28 March 2014

Russia Rejects UN Crimea Resolution as Ukraine Aid Nears

Russia dismissed a United Nations resolution on its takeover of Crimea as “counter-productive,” while the International Monetary Fund moved forward with a bailout to help Ukraine avoid insolvency.

Russia’s Foreign Ministry said today that abstentions and absences from UN General Assembly members showed yesterday’s non-binding resolution, which declared Crimea’s March 16 referendum on leaving Ukraine and joining Russia as “having no validity,” supported a “one-sided interpretation” of events.

The message is consistent with Russian President Vladimir Putin’s rejection of condemnation and sanctions from the U.S. and its European allies over his country’s annexation of the Black Sea peninsula. U.S. President Barack Obama and EU leaders have warned penalties may intensify if Russian forces push deeper into Ukraine in the worst standoff between former Cold-War foes since the fall of the Soviet Union more than two decades ago.


From bloomberg News

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