Scorched Earth Policy
Last week, the government in Ukraine cut off pensions benefits to residents of rebel-held areas until such time as these areas return to Ukrainian control.
Yesterday, in yet another scorched-earth policy move, president Petro Poroshenko announced Ukraine Rebel Areas to Lose State Services.
Ukraine's president has ordered the withdrawal of all state services, including funding for hospitals and schools, from rebel-held areas.
Mr Poroshenko's ruling says all state companies and institutions should end their work in the Donetsk and Luhansk regions within a week.
It also says Ukraine's central bank is to close down all banking services - including card operations - in some areas within a month.
Initial Thoughts
Complete story at - Kiev Effectively Cedes East Ukraine to Separatists; Poroshenko Withdraws Hospital and School Funding, Bank Card Operations
Last week, the government in Ukraine cut off pensions benefits to residents of rebel-held areas until such time as these areas return to Ukrainian control.
Yesterday, in yet another scorched-earth policy move, president Petro Poroshenko announced Ukraine Rebel Areas to Lose State Services.
Ukraine's president has ordered the withdrawal of all state services, including funding for hospitals and schools, from rebel-held areas.
Mr Poroshenko's ruling says all state companies and institutions should end their work in the Donetsk and Luhansk regions within a week.
It also says Ukraine's central bank is to close down all banking services - including card operations - in some areas within a month.
Initial Thoughts
- Poroshenko just ceded major portions of Ukraine to rebels
- Expect a run on ATMs
- Russia will have to intervene for humanitarian reasons
- Western Ukraine will have a difficult time getting needed coal from the East
Complete story at - Kiev Effectively Cedes East Ukraine to Separatists; Poroshenko Withdraws Hospital and School Funding, Bank Card Operations
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