US warns Russia over costs - Danske Bank

FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank notes that tthe US warned Russia over any Russian efforts at destabilising Ukraine, saying it would incur costs.

Key Quotes

“Rebels occupying government buildings in Donetsk declared a ‘people’s republic’ on Monday and called for a referendum on secession from Ukraine to be held on 11 May.”

“The fear is that Russia would annex further parts of Ukraine on the back of a referendum as was the case with Crimea.”