Ukraine Says Russian Military Vehicles 'Eliminated By Ukrainian Artillery'

A column of military vehicles drives on a road near the town of Kamensk-Shakhtinsky in the Rostov region, some 30 km from the Russian-Ukrainian border, on August 15, 2014. Ukrainian officials were preparing to inspect a massive Russian 'aid' convoy bound for the conflict-torn east on August 15 after Russian armoured vehicles crossed the border, fueling fears Moscow is trying to bolster the unraveling insurgency. The Ukrainian military had announced that checks had begun on the near 300-truck convoy but later said only that 59 border and customs officials had arrived at a Russian border post to prepare to carry out the inspections. (Dmitry Serebryakov/AFP/Getty Images)

Financial Markets dropped sharply today after Ukraine’s president confirmed that his country’s forces destroyed Russian military vehicles on Ukrainian territory.

Ukraine’s statement comes after NATO confirmed what it called “an incursion” of Russian vehicles into Ukrainian territory overnight. Russia denied sending any force into Ukraine, saying that its forces were only patrolling the border.

But Britain said it had summoned Russian ambassador Alexander Yakovenko over the reports of a Russian military invasion into sovereign Ukrainian territory.

The news pushed up energy prices and sent Wall Street and financial markets in Europe plummeting, with Germany’s DAX dropping sharply, to close down by 1.4 percent.

Here & Now contributor Jim Walsh discusses the situation with host Jeremy Hobson.

Guest

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