empty
23.02.2022 03:46 PM
Ukraine is going to introduce a state of emergency. There seems to be a war with Russia.

Ukrainian authorities have been considering declaring a nationwide state of emergency since Russian President Vladimir Putin recognized the independence of the two self-proclaimed republics, which has increased tensions with Kyiv and raised concerns about a potential broader conflict.

Ukraine is going to introduce a state of emergency. There seems to be a war with Russia.

This image is no longer relevant

This measure, announced by the Secretary of the Security and Defense Council Alexey Danilov in Kyiv on Wednesday, will allow certain regions to impose restrictions. Restrictions on the movement of people, mass gatherings, and the media also require the approval of the Ukrainian Parliament.

According to Danilov, the state of emergency will last for the first 30 days, and parliamentary approval is expected on Wednesday.

Russia's recognition of the separatist-controlled territories of Donbas, which took place on February 22, as well as the constant presence of Russian troops on the border with Ukraine, provoked a security crisis not only for Ukraine but also for the West. The United States and its European allies accuse the government in Moscow of undermining Ukraine's territorial integrity and violating international law.

At the same time, the United States and Britain claim that their intelligence still suggests that Russia is preparing to launch a large-scale invasion of Ukraine, including, possibly, the capital Kyiv. Moscow has repeatedly denied such plans, but now Putin's agreements with separatist territories at the official level will allow him to send troops to these areas and build bases there.

Putin said he would not send troops, which he calls "peacekeepers" yet. This will cause concern about the proximity to the line of contact between the separatists and the Ukrainian military. However, according to private reports from Donbas, Russian troops have already entered the disputed territory. Residents of Donetsk in social networks report that in parallel in the republics there is a mass mobilization, often forced. For evading military duties, up to two years' imprisonment is threatened.

There is now every reason to consider a large-scale military conflict between the two former allied states more than likely.

Until recently, Ukraine's position was much more advantageous.

The problem is that the Kremlin uses a position of strength in building international relations, and does not always clearly understand that for Western countries such a dictate of the "stronger" is not always acceptable.

That is why the Kremlin appealed to the US president with a proposal to sign an agreement on the refusal to deploy NATO troops on the territory of Ukraine.

The administration of President Putin does not realize that such an agreement cannot be signed within the framework of current international legislation.

Therefore, having advanced troops to the Ukrainian borders and using them as a weighty argument, the Kremlin nevertheless put forward impossible demands in advance.

Now it is difficult to judge what steps Moscow planned next. Perhaps the invasion was planned, but the Russians could only accept a quick victory - a protracted war is not beneficial to anyone.

However, the unusually warm weather put an end to any possible plans for quick capture, if they were being developed. The most reasonable solution in this situation was to send troops to the territory of the republics, regroup, and, after waiting for dry weather, resume pressure on Ukraine.

This is exactly the scenario that the events of recent days have developed. Russia recognized the independence of the two republics, and its units occupied these territories.

Therefore, the Kremlin could lose this round dry.

Moscow could also have initially planned to recognize the independence of the republics by concentrating troops in the north and northeast of Ukraine in advance as a "convincing argument."

All that remained for Ukraine was to wait. Most likely, the Kremlin would have stopped there for now. Since Putin's team has not achieved significant results in a short time, it would be an unacceptable luxury to continue escalating the situation for months.

Ukraine does not lose anything from Russia's recognition of the independence of the republics, since they have not been under its control for a long time. So Ukrainians could get at least a temporary respite and prepare for a possible military conflict better.

However, Ukrainian President Volodymyr Zelensky made the biggest mistake of his life - he raised the issue of restoring the country's nuclear security program. In particular, he convened a Council of four countries that in the 90s acted as guarantors of the inviolability of Ukraine's security. He also warned that if the Security Council turns out to be useless, Ukraine may take its steps in this direction.

Having made such a statement, Zelensky signed the death sentence of Ukraine. Putin's team got an iron argument in their hands for any invasion, which can be presented without shame to both their fellow citizens and Western representatives - Russia's nuclear security.

Even the most liberal-minded Russians cannot object to the "nuclear argument". A possible offensive has received a new batch of arguments in its favor. And now it may well not be a quick offensive, but a planned and large-scale confrontation.

Alas, the chances that the Kremlin will decide to invade the territory of Ukraine to secure Moscow, which is too close to its western borders, and therefore in the zone of imminent defeat, increased significantly yesterday.

The first sanctions from the United States this year turned out to be too small, signaling to the Kremlin and the rest of the world the position of the States. So there is no one to "cover" Ukraine here either. Only Europe can still influence the distribution of forces, but it is unlikely that it will. Few Europeans are ready to shed blood for Ukrainians.

Most likely, Russia's offensive on Ukraine will begin in March-April, as soon as the spring thaw ends.

For world markets, this means that the hryvnia will continue to depreciate rapidly. The euro is also becoming too volatile. In the near future, the dollar, the Canadian dollar, and the pound sterling will benefit the most from the conflict.

Egor Danilov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/CAD. Analysis and Forecast

The USD/CAD pair is showing signs of recovery for the second consecutive day after a recent decline, rebounding from a two-week low around 1.4260. Spot prices have climbed above

Irina Yanina 10:16 2025-03-19 UTC+2

XAU/USD. Analysis and Forecast

Gold has halted its upward movement as it attempts to consolidate at new all-time highs around $3,045, with bulls taking a pause ahead of the FOMC meeting results. The Federal

Irina Yanina 09:41 2025-03-19 UTC+2

How Might Markets React After the Fed Meeting? (Expecting a Sharp Decline in GBP/USD and a Drop in #SPX)

Today, the market will focus on the Federal Reserve's final decision on monetary policy. It is expected to bring nothing new, so the main topic will remain the same

Pati Gani 08:27 2025-03-19 UTC+2

What to Pay Attention to on March 19? A Breakdown of Fundamental Events for Beginners

There are few macroeconomic events scheduled for Wednesday, which suggests that volatility for both currency pairs may remain low until the evening. The dollar continues to show signs of weakness

Paolo Greco 06:44 2025-03-19 UTC+2

GBP/USD Pair Overview – March 19: The Inertial Growth Continues

On Tuesday, the GBP/USD currency pair did not attempt to correct once again. There was no macroeconomic background that day, but it is difficult to determine what is currently better

Paolo Greco 02:34 2025-03-19 UTC+2

EUR/USD Pair Overview – March 19: What Will the Fed Meeting Change?

The EUR/USD currency pair continued to trade upward on Tuesday. Although the upward movement is weakening, the euro remains strong while the US dollar keeps falling. This is happening despite

Paolo Greco 02:34 2025-03-19 UTC+2

The Euro Fires a Bazooka

The last time Germany armed itself was in the 1930s, it led to World War II. Today, German militarization is welcomed. According to Bloomberg estimates, fiscal stimulus packages worth around

Marek Petkovich 23:46 2025-03-18 UTC+2

WTI Gains Support from Rising Geopolitical Tensions in the Middle East

For the third consecutive day, West Texas Intermediate (WTI) crude oil is attracting buyers. Currently, the commodity is trading slightly above the key psychological level of $68.00, having gained over

Irina Yanina 18:24 2025-03-18 UTC+2

USD/JPY. Analysis and Forecast

Today, the Japanese yen continues to decline intraday, pushing USD/JPY close to the key psychological level of 150.00, with the pair setting a new two-day high around 149.87. Global market

Irina Yanina 18:21 2025-03-18 UTC+2

Market catches fish in muddy water

Chaos in the White House's economic policy has pushed the S&P 500 to the brink. The broad stock index briefly entered correction territory before rebounding with two consecutive days

Marek Petkovich 11:18 2025-03-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.