Ukraine-Russia 'Cease-Fire' Talk: Devil in the Details

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Sept. 3 (Bloomberg) -- Bloomberg‘s Ryan Chilcote discusses the game of semantics leaders from Russia and Ukraine are playing with a proposed ceasefire. He speaks on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)

Can you tell us how this could change the dialogue at the meeting you are attending?

What this will do to the nato summit that kicks off tomorrow in wales's cause a lot of people to scratch their heads.

We have a lot of news three hours ago, hearing of a permanent cease-fire with the russian president.

The ukrainian president is a credible source and it is the first time that either party had ever used the word "permanent," not just a tactical cease-fire.

Then just about an hour ago he removed the word or minute from his website.

And then they largely agreed on steps toward a cease-fire.

But as usual, the devil is in the hills -- in the details.

Russia has well over 1000 troops in the area.

And as such, president foot and cannot actually agree to a cease-fire.

There you have it.

We also want to point out that eu proposals on current russian sanctions may be announced later today.

What kind of sanctions are we talking about?

Is this why president poroshenko made the announcement this morning?

Angela merkel let the cat out of the bag in terms of what kind of sanctions we will be seeing.

It is likely to be more of what we will -- what we have seen in terms of limiting access to the market.

Maybe restricting weapons sales to russia.

The russian president has done this before.

He has made suggestions, de-escalate tori, if you will, comments.

There are about 60 world leaders right before this summit who are just saying that we will try to hold off on comments.

Angela merkel has made it very clear that she is skeptical.

Understood, ryan chilcote, for the chess match that president putin is trying to play.

Admirals to read us -- admiral

This text has been automatically generated. It may not be 100% accurate.

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