Ukraine, referendum on annexation to Russia in Donetsk and Lugansk

Ukraine referendum on annexation to Russia in Donetsk and Lugansk

(Finance) – “The people of Donbass want to be masters of their own destiny”. Thus the Russian Foreign Minister Serghei Lavrov on the announcement of referendums in the self-proclaimed pro-Russian republics on union with Russia.

The Lugansk Parliamentin the east of Ukraine, unanimously approved a law calling for a referendum for the annexation to Russia to be held from 23 to 27 September. In the same period, voting will also take place in the self-proclaimed one Republic of Donetsk and the Kherson region.

The indexes of the Moscow Stock Exchange collapsed by more than 10% immediately after the announcement and then recover part of the losses. The Moex index now marks a decline of around 6% while the RTS index slips by almost 5%.

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