Russian President Putin soothed financial markets Tuesday when he said that Russia was not looking to divide Ukraine and take more control of the country. Putin stood in front of the Russian Parliament and approved Crimea becoming part of Russia after 97% of the Crimean population unanimously voted to become part of Russia. The US and European Union consider the referendum and any attempt at making Crimea part of Russia illegal and will try to enforce sanctions but at this point there seems to be no threat to financial markets. The US and EU will need to be careful that any sanctions they put in place doesn't inadvertently affect Europe as it struggles to get growth and jobs going again. The US and the EU are snookered somewhat and their ability to put real pressure on this situation seems weak at present but rest assured the US won't walk away from this without some sort of fight. Not a physical one but they won't let this rest I guarantee it. You just wait; this will heat up again very soon.
LTG GoldRock Reviews the latest Forex News on www.ltggoldrock.tv
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