Russian Defense Minister Sergei Shoigu announced today that Russia will withdraw its military build-up on the Ukrainian border. Shoigu called the Russian army’s recent flurry of activity a “snap inspection.
The Moscow Times reported that Shaughnessy said, “The army has proved that they can reliably defend the country. So in this case, I have decided to end the exercises in the southern and western military districts.” He said Russian troops would gradually withdraw to their bases starting on the 23rd.
Investors in financial markets saw the Russian troop withdrawal as a sign of the Kremlin’s intention to gradually reduce tensions along the Ukrainian border, and the value of the Russian ruble rose slightly after the news of the withdrawal, reaching a high of 75.7:1 against the dollar this week, the newspaper said.
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