Credit Suisse Group AG sees Ukraine falling into “sovereign limbo” as Crimea effectively becomes part of Russia, said Robert Parker, the Swiss bank’s senior adviser on investment, research and strategy.
Arseniy Yatsenyuk looked at home with Angela Merkel yesterday as she chaperoned him around an emergency European Union summit. Yet the new Ukraine premier’s chances of getting a permanent seat in the Brussels club are becoming more remote as Russia tightens its grip on his country.
A creeping Kremlin takeover of Crimea by ostensibly local ethnic Russian forces is more likely than a military assault on all or parts of Ukraine, U.S. and European intelligence officials and analysts said.
Russian stock investors have become experts at bracing for the unexpected from President Vladimir Putin. After watching him seize companies, jail dissidents and support Syria, investors have put a discount on Russian stocks that makes them the cheapest in emerging markets.