Submitted by Tyler Durden on 03/02/2014 - 09:12

With
less than 6 hours left until FX trading opens, no resolution to the
Ukraine crisis is in sight. Instead the situation has devolved even
more and
overnight Ukraine has ordered a full military mobilisation in response to Russia's build-up of its forces in Crimea.
Prime Minster Arseniy Yatsenyuk said the country was "on the brink of
disaster." The BBC adds that it has seen what appear to be Russian
troops digging trenches on the Crimean border. Furthermore, a standoff
between Ukrainian troops who have fortified a base in the crimean city
of Privolnoye, and Russians who have surrounded them, may be the match
that set it all off.
Fox reports that
hundreds of unidentified gunmen surrounded a Ukraine's infantry base
in Privolnoye in its Crimea region Sunday. The convoy included at least
13 troop vehicles each containing 30 soldiers and four armored
vehicles with mounted machine guns. The vehicles -- which have Russian
license plates -- have surrounded the base and are blocking Ukrainian
soldiers from entering or leaving it. In response, acting Prime
Minister Arseniy Yatsenyuk said the
move by Russian forces to surround military bases in Crimea was "a declaration of war."
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