Putin Said to Press Ukraine Gambit After Malaysia Air Hit

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President Vladimir Putin will resist mounting pressure to abandon pro-Russian rebels immediately while seeking to convince the world that Ukraine, not the insurgents, shot down Malaysian Air Flight MH17, according to three people familiar with Kremlin discussions.

Putin and his inner circle are nervous that the intensifying standoff with the U.S. and its allies over the insurgency in Ukraine may cripple Russia’s economy, the people said. Still, Putin won’t back down because he refuses to be seen as weak, one of the people said.