Ukraine Vows Unilateral Cease-Fire in Days to End Unrest

Photographer: Sergei Supinsky/AFP via Getty Images

“The unilateral cease-fire plan will begin on my order,” President Petro Poroshenko said today, according to Interfax. “Immediately afterward, we need to get support for the peace plan from all parties.” Close

“The unilateral cease-fire plan will begin on my order,” President Petro Poroshenko... Read More

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Photographer: Sergei Supinsky/AFP via Getty Images

“The unilateral cease-fire plan will begin on my order,” President Petro Poroshenko said today, according to Interfax. “Immediately afterward, we need to get support for the peace plan from all parties.”

Ukraine said it will call a unilateral cease-fire in days to help end three months of clashes with pro-Russian separatists that have rocked its easternmost regions.

President Petro Poroshenko said insurgents will be given a limited window to lay down their arms, with those who haven’t committed any serious crimes to be offered an amnesty and safe passage out of the country. He spoke yesterday by phone with his Russian counterpart Vladimir Putin on how to stem the unrest after two journalists for Russian state television were killed.

“The peace plan will begin with my decree on a unilateral cease-fire,” Poroshenko said today on his website. “The cease-fire will be quite short. We expect that there will be an immediate surrender of weapons, peace and order.”

The separatists indicated they’d reject a cease-fire.

Ukraine has been battling separatists after Russia annexed its Black Sea Crimea peninsula in March. It accuses its neighbor of stoking pro-Russian unrest by supplying weapons, military vehicles and mercenaries. Russia denies aiding the insurgents and is calling on Ukraine to halt an offensive to rein them in. The two nations are also in conflict over gas, with Russia cutting off supplies two days ago because of unpaid bills.

Talk of a cease-fire helped Russia’s ruble strengthen for the first time in six days against the dollar, with the currency gaining 0.8 percent, data compiled by Bloomberg show. The yield on Ukrainian dollar debt due 2023 plunged 26 basis points to 9.03 percent, the lowest since June 13.

Only Way

Poroshenko said preparations were started to implement his 14-step peace plan, under which a “large part of the peaceful population will take advantage of safety guarantees.” He’s said previously that before the plan can be undertaken, Ukraine must first reassert control over its border with Russia, from where fighters have crossed into the Donetsk and Luhansk regions.

Poroshenko will meet businessmen, politicians and mayors from the eastern regions in Kiev tomorrow, according to the presidential website.

Restoring border security won’t be easy, according to Kiev-based Dragon Capital, which said the peace plan will also be difficult to implement as Russia may not back it.

“We remain skeptical Russia is all that interested in letting Poroshenko’s de-escalation effort succeed or that Russian and local rebel fighters in Donetsk and Luhansk will disarm voluntarily,” it said in an e-mailed research note. “It’s premature to speak of an imminent de-escalation.”

‘Nonsense’ Offer

Poroshenko’s cease-fire proposal is “nonsense,” according to Denis Pushilin, leader of the self-declared Donetsk People’s Republic, who spoke today to Russia’s independent Dozhd TV.

“They cease fire, we lay down arms and they detain us,” he said. “We want the occupiers to leave our territory.”

Russian Prime Minister Dmitry Medvedev earlier condemned Ukraine over the death of reporter Igor Kornelyuk, killed by mortar fire in the Luhansk region. Sound producer Anton Voloshin, also from the Russian State Television and Radio Broadcasting Company, was found dead later, the Interfax news service said, citing separatist forces.

“Those who call themselves the authorities in neighboring Ukraine answer for the situation there and it’s in their power to halt the bloodshed,” Medvedev said on his Facebook account.

Poroshenko ordered a probe into the deaths, as did the Organization for Security and Cooperation in Europe, which has tried to broker a peace plan.

Sanctions Threat

Russia should sanction Ukrainian leaders responsible for civilian deaths, Alexey Pushkov, chairman of the lower house of parliament’s international affairs committee, told reporters in Moscow today. Ukraine isn’t doing anything to implement its peace plan, Pushkov said.

Hundreds have died in east Ukraine, including servicemen, insurgents and civilians. The number of government troops to have lost their lives since the unrest began has reached 147, Interfax reported today, citing Defense Ministry medical official Vitaly Andronatiy.

Ukraine reiterated accusations Russia is involved in the insurgency, providing what it said was new evidence. Separatists in the Donetsk and Luhansk regions used Igla hand-held anti-aircraft weapons listed with the Russian army and last inspected in Russia’s Krasnodar region on April 12, Ukraine’s Foreign Ministry said in a website statement.

To contact the reporters on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net; Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editors responsible for this story: Balazs Penz at bpenz@bloomberg.net Andrew Langley, Paul Abelsky

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