Putin ends army exercise, Russian markets rally despite Ukraine tension




 
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Putin ends army exercise, Russian markets rally despite Ukraine tension
 
March 4th, 2014  
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Topic: Putin ends army exercise, Russian markets rally despite Ukraine tension


Putin ends army exercise, Russian markets rally despite Ukraine tension
By Vladimir Soldatkin and Alissa de Carbonnel MOSCOW/KERCH, Ukraine (Reuters) - President Vladimir Putin ordered troops involved in a military exercise in western Russia back to base on Tuesday in an announcement that appeared intended to ease East-West tension over fears of war in Ukraine. Russian financial markets rebounded after sharp falls on Monday, and the euro and dollar rose in Japan, though Moscow's forces remained in control of Ukraine's Crimea region, seized bloodlessly after Russian ally Viktor Yanukovich was ousted as Ukrainian president last month. Russia paid a heavy financial price on Monday for its military intervention in Ukraine, with stocks, bonds and the ruble plunging as Putin's forces tightened their grip in Crimea, whose population is mainly ethnic Russian.




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