Ukraine to Pull Back Artillery as Tensions Ease in East

Sept. 22 (Bloomberg) - Ukraine and pro-Russian rebels held peace talks over the weekend, discussing the country's fragile truce. With signs the conflict could expand, Bloomberg's Ryan Chilcote visited the Ukraine front line. (Source: Bloomberg)

Ukraine prepared to pull back artillery in its war-torn east to help cement a truce that President Petro Poroshenko said is easing tensions.

The army said it will move heavy weaponry to the edge of a buffer zone as both the government and pro-Russian separatists reported violations. Casualties are a fraction of the level seen before the Sept. 5 truce and groups that may not be controlled by the militants or Russia were mostly responsible for the breaches, Poroshenko said.

The preparation to pull back heavy weapons is under way, Andriy Lysenko, spokesman for the National Security and Defense Council, told reporters today in Kiev.

The pact is holding even as daily clashes have threatened to sink the cease-fire since it was signed. The countrys bloodiest conflict since World War II has left more than 3,200 dead and 8,000 injured, according to the United Nations. Fighting in the Donetsk and Luhansk regions started after Russia annexed Crimea in March.

Ukraines government bonds due July 2017 dropped, sending the yield up 11 basis points to 14.48 percent, data compiled by Bloomberg show. The Micex Index fell for a fourth day and the ruble dropped to a record, weakening 0.7 percent to 38.67 per dollar at 6:59 p.m. in Moscow.

The country's bloodiest conflict since World War II has left more than 3,200 dead and 8,000 injured, according to the United Nations. Close

The country's bloodiest conflict since World War II has left more than 3,200 dead and... Read More

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The country's bloodiest conflict since World War II has left more than 3,200 dead and 8,000 injured, according to the United Nations.

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Ukraine to Pull Back Artillery as Tensions Ease in East

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