Putin Makes First Official Statement; Russia To Cut IBM, Microsoft Dependence: Complete Ukraine Situation Summary

Tyler Durden's picture

Your one stop to catch up on all the latest development surrounding the crash of flight MH17 and the recovery effort. Courtesy of Bloomberg.

POLITICS:

  • Putin says plane crash shouldn’t be used for political gain
  • Says Russia will do all it can to end east Ukraine clashes
  • German Chancellor Merkel, Russian President Putin discussed ICAO’s role in MH17 crash investigation; need for talks
  • U.S. Secretary of State Kerry, Russian Foreign Minister Lavrov agree on impartial investigation of MH17 crash
  • Kerry says circumstantial evidence points to Russian-supplied missile attack on MH17.
  • Turkish PM Erdogan believes Russia shot down MH17: Hurriyet

WHAT TO WATCH:

  • Russia seeks to cut dependence on IBM, Microsoft amid sanctions
  • Poroshenko Orders Truce Within 20 Km of Crash Site: IFX
  • East Ukraine separatist Borodai says train with MH17 bodies hasn’t left area; rebels seek “objective” investigation
  • U.K. said to seek ban on EU defense goods export to Russia
  • Looking at sanctions options, incl. energy: PM’s office
  • Dutch PM Rutte says economic, political, financial measures on table in response to limited access to MH17 crash site
  • Russians divided over their country’s role in Ukraine: poll
  • Separatists fired at OSCE crash investigators: ABC News
  • OSCE team not getting access needed to do job: Swiss ambassador

MARKETS:

  • Yield on 10-yr ruble bonds up 9bps to 8.98%
  • Ruble appreciates 0.1% vs euro-dollar basket; strengthens second day
  • Micex -1.5% to 1,401.08, falling for 6th day
  • Hryvnia depreciates 0.3% to 11.67 per dollar
  • Brent crude falls 0.3% to $107.20/bbl; WTI down 0.2% to $102.91/bbl
  • Gold rises 0.2% to $1,313.41/oz
  • SXXP falls 0.4%

 

Here is Putin's speech from yesterday

And a transcript:

In connection with the terrible tragic events that happened in the skies over Donetsk, I would like to explain once again Russian attitude to events that are taking place in Ukraine.

We have repeatedly called on all parties of the conflict to immediately stop the bloodshed and sit down at the negotiating table. We strongly believe that if military action in the East of Ukraine was not renewed on the 28th of June, this tragedy most likely wouldn’t have happened. However, no one should have the right to use this tragedy to pursue egoistic political aims. Such events should unite and not divide people. It is necessary that all the people who are accounted for the situation in the region took more responsibility and reported to their own people and to the peoples of those countries whose representatives have become victims of this disaster.

Everything must be done to ensure the safety of international experts on the crash scene. Today representatives of Donbass, Donetsk, representatives of Ministry of Emergency Situations of Ukraine and Malaysian experts are already working there.  But this is not enough. It is necessary to ensure that at the crash site works a full team of experts under the auspices of ICAO, the corresponding international commission. We must do everything to provide them with full and absolute security and all humanitarian corridors necessary for their operation.

In its turn, Russia will do everything possible to transfer the conflict in Eastern Ukraine from today's military phase to a discussion at the negotiating table, using exclusively peaceful and diplomatic means.