Ukraine Starts Withdrawal of Troops From Key Town of Debaltseve – Bloomberg

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Ukraine Starts Withdrawal of Troops From Key Town of Debaltseve – Bloombergby wpjljron.Ukraine Starts Withdrawal of Troops From Key Town of Debaltseve – Bloomberg(Bloomberg) — Ukraine started to withdraw its forces from an encirclement at the strategic crossroad town of Debaltseve, where heavy fighting with pro-Russian rebels is threatening a truce reached last week. Some Ukrainian troops are leaving the town as street fighting continues, Ilya Kyva, a deputy police chief of the Donetsk region, said by phone […]

(Bloomberg) — Ukraine started to withdraw its forces from
an encirclement at the strategic crossroad town of Debaltseve,
where heavy fighting with pro-Russian rebels is threatening a
truce reached last week.

Some Ukrainian troops are leaving the town as street
fighting continues, Ilya Kyva, a deputy police chief of the
Donetsk region, said by phone on Wednesday. Kyva wouldn’t say
how many Ukrainian soldiers have left and how many still
remained surrounded by the rebels. Ukrainian Eurobonds fell to a
record as fighting was also reported near the coastal city of
Mariupol.

U.S. Vice President Joe Biden and Ukrainian President Petro
Poroshenko agreed by phone that “if Russia continues to violate
the Minsk agreements, including the most recent agreement signed
on February 12, the costs to Russia will rise,” according to a
White House statement on Tuesday.

The combat is hurting the latest effort to end 10 months of
fighting that’s killed more than 5,600 people and eroded
Russia’s ties with the U.S. and Europe. The truce, struck last
week after negotiations in Belarus by the leaders of Ukraine,
Russia, Germany and France, foresees a withdrawal of heavy
weapons starting Tuesday. The deadline passed with mixed
progress.

The nation’s benchmark bond due in July 2017 fell 1.2 cents
to an all-time-low 52.2 cents on the dollar by 10:32 a.m. in
Kiev, lifting the yield to 42.7 percent. Investors holding
Ukrainian notes have lost 12 percent this year, the most among
59 nations in the Bloomberg USD Emerging Market Sovereign Bond
Index.

With the truce under pressure, Ukraine’s allies have
resumed discussions over forcing Putin’s government to stop the
conflict. The EU said Monday that work is “currently ongoing”
on potential “further appropriate action” against Russia. Some
U.S. politicians have called for supplying arms to Ukraine,
which together with its allies says Russia supports the
separatists with hardware, cash and troops.

To contact the reporters on this story:
Daryna Krasnolutska in Kiev at
[email protected];
Kateryna Choursina in Kiev at
[email protected]

To contact the editors responsible for this story:
James M. Gomez at
[email protected];
Balazs Penz at
[email protected]
Andrea Dudik, Tony Halpin

Source Article from http://www.bloomberg.com/news/articles/2015-02-18/ukraine-starts-withdrawal-of-troops-from-key-town-of-debaltseve

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