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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.

 

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Mon, 07/21/2014 - 09:47 | 4983113 Kina
Kina's picture

The USA  Obama-MSM smear campaign on Putin and Russia is extremely risky for them. They are pushing this so hard that if it turns out evidence points blame away from Russia then the USA's credibility throughout Europe and future coorperation will collapse. The USA will like dirty water.

Mon, 07/21/2014 - 10:52 | 4983429 PT
PT's picture

I hope you're right but from where I'm standing, the USgovt could report that up was down and head amputations were good for you and the MSM would back them all the way.

Mon, 07/21/2014 - 11:49 | 4983782 PT
PT's picture

... and all my neighbours would be lined up and saying, "Oh, don't worry PT!  Cheer down!  The gummint assured us that head amputations are good for you!  I can't wait to get mine because they are free!  What?  It's paid for with our taxes?  Well, we wouldn't want to miss out now, would we? ..."

Mon, 07/21/2014 - 09:59 | 4983162 WTFUD
WTFUD's picture

Great movie! A must watch over and over. Starring Omar Sharif as erDOGan' Lurch, John Kohn Kerry as himself and a cameo appearance of ' Noddy ' big ears Barry O Pol Pot.

Films got everything Ego, Erratic Blunder and Killing Fields as identified with the above.

Mon, 07/21/2014 - 10:28 | 4983304 SaudiMail
SaudiMail's picture

 

Lets have a poll on who we think is guilty.

 

Click the up arrow if you think US is responsible via their Nazi mates in Kiev

 

Click the down arrow if you think Russia is responsible via their separatist mates.

Mon, 07/21/2014 - 10:39 | 4983360 TrulyStupid
TrulyStupid's picture

How about a sideways arrow to withold judgement until we can sift through the BS and find out some facts.

Mon, 07/21/2014 - 10:46 | 4983396 Who was that ma...
Who was that masked man's picture

"Truth" is never decided by popular vote.  Only time will tell.

Mon, 07/21/2014 - 10:34 | 4983337 p00k1e
p00k1e's picture

Is Putin a good guy or bad guy?  He was cheered here not too long ago….

Mon, 07/21/2014 - 10:45 | 4983384 Who was that ma...
Who was that masked man's picture

In politics, there are no "good guyts" or "bad guys" but this can be said, Putin is wiser, by far, and a better leader, by far, than Obama.

Mon, 07/21/2014 - 10:41 | 4983365 Who was that ma...
Who was that masked man's picture

America is putting a noose around its own neck, climbing onto a chair, and tying the rope to the beam.  The only question that remains is, who will kick the chair out from under America's feet?  Russia?  China?  Maybe America itself will do it.

Mon, 07/21/2014 - 10:46 | 4983397 PT
PT's picture

I also want to cut my IBM / Microsoft dependence.

Mon, 07/21/2014 - 10:59 | 4983478 Fix It Again Timmy
Fix It Again Timmy's picture

Additional warning on beer bottles:

"Drink responsibly - do not shoot down commercial airliners"...

Mon, 07/21/2014 - 11:22 | 4983612 piratepiet
piratepiet's picture

edit, wrong place

Mon, 07/21/2014 - 13:23 | 4984300 mijev
mijev's picture

One of Putin's tactics seems to be using plain language rather than politicalese to state his position. It works a lot better for me than the nonsense coming from western "leaders" - could also be the translator too.

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