Kernel decline continues to drag down WIG Ukraine as Ukrnafta and Raiffeisen increases allows UX to reach highest value since July 2012

“The latest reports from the Crimea are that, as of the early hours of Friday morning, large contingents of “unknown’ individuals have seized the premises of the Mejlis of the Crimean Tatar people as well as the airports in Simferopol and Sevastopol.  In the jigsaw of events on Thursday, the attack on the main representative body of the Crimean Tatars could not be more dangerously provocative.”

 

The territorial integrity of Ukraine appears more in doubt as the United States and Europe dither and “Putin is playing the ‘good cop’, ‘bad cop’ routine.”

Key highlights of the results: Revenues decreased 23.8% y-o-y to USD 725.5 million in Q2 FY2014, driven by lower soft commodity prices and a mix of lower sunflower oil sales volumes and higher grain exports. Compared to Q1 FY2014, revenues increased 75.7% in Q2 FY2014, owing to larger volumes of sunflower oil and grain sales. 

 

“Whatever the explanation for the current exacerbation of tensions, he argues, the real threat of the current evolution of events in Ukraine’s Crimea will be far broader and could lead to “the accelerated disintegration of Russia” and to the designation of Putin as “the terminator” rather than the savior of Russia and the Russian people.

 

Reports thought to be reliable say Yanukovych has been in Moscow since Tuesday. However, why he chose Rostov-on-Don for a Friday news conference remains a mystery.

 

“The myth of the pro-Russia orientation of the eastern oblasts of Ukraine is one thought up by Moscow propaganda,” Akhmetov says.  These regions “are not seeking to unite with Russia,” and not just because 70 percent of the population of these regions is ethnically Ukrainian.  It is because “they want to live in Ukraine” and not in Putin’s Russia.

 

 

A cabinet that is likely to have a life span of not much more than 90 days faces unprecedented problems with limited resources

Former President Viktor Yanukovych, still subject to an arrest warrant on charges of mass murder in Ukraine, is reportedly to hold a news conference on Friday in Russia, which has given him protection.

 

Ukrainians face the final day of February with expectations that the street rates for USD=UAH exchange will be in a range of UAH 1050 to 1080 for each USD $100 offered.

 

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