financetom
World
financetom
/
World
/
Vladimir Putin signs decrees recognising independence of Kherson and Zaporizhzhia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Vladimir Putin signs decrees recognising independence of Kherson and Zaporizhzhia
Sep 29, 2022 9:33 PM

Russian President Vladimir Putin on Thursday signed decrees paving the way for the occupied Ukrainian regions of Kherson and Zaporizhzhia to be formally annexed into Russia.

The decrees, made public by the Kremlin, said Putin had recognised the two regions as independent territories. This is an intermediary step needed before Putin can go ahead with plans to announce on Friday that the regions are part of Russia.

At a ceremony denounced by Ukraine as a "Kremlin freak show", Russian President Vladimir Putin will proclaim the annexation of four Ukrainian regions on Friday, escalating his seven-month war and taking it into an unpredictable new phase.

Putin will preside over a treaty signing on "the entry of new territories into the Russian Federation", three days after the completion of hastily staged referendums in which Moscow's proxies in the occupied regions claimed majorities of up to 99 percent in favour of joining Russia.

Ukraine and Western governments described those votes as bogus, illegitimate and conducted at gunpoint. "The Kremlin's sham referenda are a futile effort to mask what amounts to a further attempt at a land grab in Ukraine," US Secretary of State Antony Blinken said on Thursday.

Moscow says people chose freely to return to their "historic motherland".

The ceremony - eight years after Russia seized Crimea from Ukraine following an invasion and a similar vote - will take place at 3 p.m. (12:00 GMT) in the columned St George's Hall of the Grand Kremlin Palace, where marble plaques engraved in gold commemorate Russian military heroes.

But despite the triumphal setting, the annexation of the Donetsk, Luhansk, Zaporizhzhia and Kherson regions comes at a perilous moment for Putin.

After months of grinding, and attritional warfare, Ukraine seized the initiative this month by routing Russian forces in the northeastern Kharkiv region.

Putin last week declared an unpopular partial mobilisation, prompting thousands of fighting-age men to flee the country. Even staunch Kremlin allies have criticised the chaotic nature of the call-up, and Putin himself said on Thursday that "all mistakes must be corrected".

Also Read: Russia-Ukraine war live updates: Putin issues decrees recognising independence of Kherson and Zaporizhzhia

NUCLEAR THREAT

While it holds the vast majority of Luhansk and Kherson regions, Russia controls only about 60 percent of Donetsk and 70 percent of Zaporizhzhia, where fighting has raged close to Europe's biggest nuclear plant.

The hurried annexations mean front lines will now run through territory that Russia is declaring as its own, and which Putin has said he is ready to defend with nuclear weapons if necessary.

Some Western politicians called that a bluff - something Putin explicitly denied. The United States says it has warned Russia of catastrophic consequences if it did use a nuclear weapon.

Ukrainian presidential adviser Mykhailo Podolyak said on Thursday that the Kremlin event was a "freak show", and legally meaningless. "Non-existent entities cannot enter a country which is disintegrating," he said on Twitter.

United Nations Secretary-General Antonio Guterres said if Moscow proceeded, it would have "no legal value and deserves to be condemned".

Kirill Stremousov, a Russian-installed official in Kherson region, published a video of himself next to Red Square, declaring: "Victory is ours. We are Russia."

The Kremlin has not yet said whether Putin will attend a celebratory concert on the square on Friday evening. He is due to address parliament separately at a later stage, paving the way for it to ratify the annexation process on or before Oct. 7, when he marks his 70th birthday.

Also Read: UN Security Council to meet Friday on damage to Nord Stream gas pipelines

(Edited by : Sangam Singh)

First Published:Sept 30, 2022 6:33 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European Equities Close Higher Wednesday; UK Announces Spring Budget
European Equities Close Higher Wednesday; UK Announces Spring Budget
Mar 6, 2024
12:04 PM EST, 03/06/2024 (MT Newswires) -- European stock markets closed higher Wednesday as the FTSE in London was up 0.43%, Germany's DAX increased 0.1%, France's CAC gained 0.28%, Stoxx Europe 600 rose 0.39% and the Swiss Market Index climbed 0.72%. UK Chancellor Jeremy Hunt announced the spring budget, which includes another cut of 0.02 British pound ($0.025) in the...
PRECIOUS-Gold extends record run as rate cut bets gain ground
PRECIOUS-Gold extends record run as rate cut bets gain ground
Mar 6, 2024
* Waning appetite for EVs could be lifeline for PGMS- analyst * Yields, dollar fall after Powell comments (Rewrites as of 1542 GMT) By Anjana Anil March 6 (Reuters) - Gold rallied to a fresh record on Wednesday, building on stellar momentum driven mostly by bets for U.S. monetary easing, while autocatalyst palladium popped back above the $1,000 mark for...
Canada's Ivey PMI falls to 4-month low in February
Canada's Ivey PMI falls to 4-month low in February
Mar 6, 2024
TORONTO (Reuters) - Canadian economic activity expanded at a slower pace in February as a measure of employment declined, Ivey Purchasing Managers Index (PMI) data showed on Wednesday. The seasonally adjusted index fell to 53.9 from 56.5 in January, posting its lowest level since October The Ivey PMI measures the month to month variation in economic activity as indicated by...
Crude Oil Rises Sharply; Foot Locker Shares Plunge
Crude Oil Rises Sharply; Foot Locker Shares Plunge
Mar 6, 2024
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Wednesday. The Dow traded up 0.62% to 38,825.33 while the NASDAQ rose 0.81% to 16,069.34. The S&P 500 also rose, gaining, 0.80% to 5,119.15. Check This Out: Emerson Electric To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Wednesday   Leading...
Copyright 2023-2025 - www.financetom.com All Rights Reserved