RA’s Daily Russia News Blast – May 8, 2014

Boosting MICEX stocks and bonds to their highest levels in seven weeks, President Vladimir Putin told a Kremlin news conference that Russia has withdrawn its troops from the border with Ukraine, and called for Ukrainian separatists to abandon plans to hold a referendum on sovereignty this weekend ‘in order to create all necessary conditions for this dialogue’. Putin voiced support for Ukraine’s planned presidential election on May 25 as a step ‘in the right direction’. His troop announcement was greeted with widespread skepticism, not least because similar claims have already been made in recent weeks by both Putin and Foreign Minister Sergei Lavrov. The White House says it has seen no evidence that Russian troops have pulled back from the border. Putin’s conciliatory appearance is merely a reaction to economic pressure, says the WSJ, noting that the Russian market is currently struggling under the burden of Western sanctions. Putin will meet with the leaders of Armenia, Belarus, Kyrgyzstan, and Tajikistan today to discuss Ukraine and ‘collective security’, and also, apparently, to attend a military training exercise. U.S. President Barack Obama announced plans to pull Russia from its duty-free import program, which will affect imports of Russian goods such as steel-making materials, tiles, and ceramics.