Putin Tells Merkel “Ukraine On The Verge Of A Civil War” As Germany Agrees To Re-Sell Russian Gas To Ukraine
A day after Putin called Obama to warn him that only the US president can prevent bloodshed in Ukraine – something which Obama failed at based on this morning’s reports out of east Ukraine – German Chancellor Angela Merkel had a follow up phone call with the Kremlin a few hours ago, in which Putin told her that “The sharp escalation of the conflict puts the country, in essence, on the verge of a civil war”.
President Vladimir Putin has had a telephone conversation with Chancellor Angela Merkel of the Federal Republic of Germany and discussed with her the situation in Ukraine, the Kremlin press service reports.
Russia’s Head of State pointed out , “The sharp escalation of the conflict puts the country, in essence, on the verge of a civil war“.
The leaders of the two countries accentuated the importance of talks in a quadripartite format (Russia, the European Union, the United States, and Ukraine), planned for April 17. “Hope has been expressed that the sides at the meeting in Geneva will manage to convey a clear message contributing to directing the situation into a peaceful channel,” a Kremlin press service official added.
The RF President also recalled the importance of stabilizing the economy of Ukraine and of ensuring deliveries and transit of Russian natural gas to Europe. This had been reiterated in his message, dated April 10, 2014, to the leaders of a number of European countries.
The telephone conversation was held on the initiative of the German side.
Considering the events from this morning which nearly resulted in the S&P plunging below 1800 only to be “redeemed” by the “bad news” that the Japanese economy is about to stumble yet again, leading algos to believe that more BOJ QE is imminent and sending the S&P surging by over 30 points in the span of a few hours, this is hardly surprising.
What is more surprising, is that as we reported earlier, the very same Germany, through its RWE AG utility, announced it would supply Ukraine with nat gas in 2014 since Gazprom is adamant on no longer providing the troubled country with the precious commodity in the absence of payment (which Ukraine can’t afford). WSJ reports:
German utility RWE AG said it agreed to supply Ukraine with natural gas this year, as the troubled country seeks to reduce its reliance on gas imported from Russia.
RWE is the first European energy company to agree to supply gas to Ukraine since the political crisis there threatened the former Soviet republic’s supplies from Russia. But the deal underscores the extent to which Europe, now scrambling to shore up Ukraine, also depends on Russian gas…………………
full article at source: http://www.zerohedge.com/news/2014-04-15/putin-tells-merkel-ukraine-verge-civil-war