Enforce Cease-Fire Or Not?

Peter’s Commentary:

The four leaders of Germany, France, Russia and Ukraine talked by phone this Thursday. They condemned the fighting which has broken out during the week and agreed to continue to implement all the measures approved on 12 February in Minsk.

However, Bloomberg reports that Germany may be unable to stop weapons being delivered to Ukraine.

Karl-Georg Wellmann, a lawmaker in Angela Merkel’s Christian Democratic Union and chairman of the German-Ukrainian parliamentary group, tells newspaper Tagesspiegel that Germany won’t be able to halt U.S. weapons deliveries to Ukraine to fight Russian-supported separatists.

“We will no longer be able to stop weapons deliveries from from the U.S. and Canada” after rebel gains in the strategic town of Debaltseve in eastern Ukraine, Wellmann tells Tagesspiegel in interview

A large-scale war could develop out of that,” Wellmann says

Wellmann says further economic sanctions against Russia are “unavoidable,” Tagesspiegel says. <More>

Also, I saw additional reports yesterday that the US is planning to send up to 600 more soldiers to train Ukraine soldiers during the next month.

If the US really does take the above actions, it’s going to be very difficult to keep a cease-fire going.

Conclusions

The ongoing fighting and the fact that the US may still send troops and equipment to Ukraine is helping to prop the price of gold up a little.

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