Inspite of tough talk from Chancellor Angella Merkel and her warnings to Russia.
"The Crimean crisis continues, but the markets hardly care. The growing sentiment is that Russia’s annexation of Crimea and possibly parts of eastern Ukraine is a fait accompli and that the West will hold off putting any real pressure on Russia. The strong words are just a political smokescreen–Germany and big swathes of eastern and central Europe are just too dependent on Russian gas to make a more forceful stand on a regional matter. Especially as Crimeans by and large seem happy to join Russia".
Source: WSJ
"The Crimean crisis continues, but the markets hardly care. The growing sentiment is that Russia’s annexation of Crimea and possibly parts of eastern Ukraine is a fait accompli and that the West will hold off putting any real pressure on Russia. The strong words are just a political smokescreen–Germany and big swathes of eastern and central Europe are just too dependent on Russian gas to make a more forceful stand on a regional matter. Especially as Crimeans by and large seem happy to join Russia".
Source: WSJ
