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Summary Kiev, Ukraine: Ukraine says Russian forces controlling the strategic region of Crimea are demanding that the crew of two Ukrainian warships must surrender. Ukrainian Defense Ministry spokesman Maksim Prauta said four Russian navy ships were blocking Ukraine's anti-submarine warship Ternopil and the command ship Slavutych in Sevastopol's harbour.
Summary Russia issued fresh ultimatums to Ukrainian forces in Crimea Monday, adding to an already tense atmosphere following the occupation of the strategic peninsula by the Russian military. CBS News correspondent Elizabeth Palmer, reporting from a Ukrainian air base, said that Russian soldiers had been at the base's gate for some time and had demanded that the soldiers leave the base by Monday.
Summary Despite all the uproar among global leaders and diplomats, investors thus far remain unconvinced that the conflict in the Crimea will become anything more than a minor regional event. Even though the Fear Index is up sharply today, its overall level remain far below past spikes in volatility. The volatility index would have to jump another 30%-35% just to match where it stood in early February, as investors seemed much more concerned about the cold weather's potential impact in causing a long-awaited correction in the stock market.
Summary A Ukrainian Defense Ministry spokesman, Vladislav Seleznyov, told CNN that members of the Russian military are going to Ukrainian military bases in Crimea and demanding surrender. The Russian troops are threatening "harsh reaction" if the Ukrainians don't comply, Seleznyov said.
Summary Russian forces controlling Crimea are demanding the surrender of two Ukrainian warships, threatening an escalation of the situation in Ukraine, the Associated Press reported . Ukrainian Defense Ministry spokesman Maksim Prauta said four Russian ships were blocking a Ukrainian anti-submarine warship and command ship in the Sevastopol harbor in Crimea. Alexander Vitko, the head of Russia's Black Sea Fleet, set the deadline and threatened an attack "across Crimea," according to the BBC.
Summary KIEV, Ukraine - Ukraine says Russian forces controlling the strategic region of Crimea are demanding that the crew of two Ukrainian warships must surrender. Ukrainian Defence Ministry spokesman Maksim Prauta said four Russian navy ships were blocking Ukraine's anti-submarine warship Ternopil and the command ship Slavutych in Sevastopol's harbour.
Summary Russia issues surrender ultimatum to Ukrainian forces in Crimea. The dramatic British characterization of events comes as global leaders issued a joint statement Monday on the increasingly fraught political situation in Ukraine and as geopolitical fears spread in earnest to the global investment community. "We, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the President of the European Council and President of the European Commission, join together today to condemn the Russian Federation's clear violation of the sovereignty and territorial integrity of Ukraine, in contravention of Russia's obligations under the U.N. Charter and its 1997 basing agreement with Ukraine," the leaders said in the statement.
Summary EU's Ashton says EU calls on Russia to withdraw troops to bases and hold consultations with Ukraine (Reuters). Currently Moscow sells to its neighbour at a hefty discount as part of 20 billion dollar support package. Negotiations are ongoing to maintain the cut price deal but if no agreement is reached the price could rise in the second quarter.