|

A “Korean scenario” for Ukraine?

CNN's Andrew Carey and Yulia Kesaieva in Lviv have been reporting on the Russian invasion of Ukraine and wrote in an update that Ukraine’s military intelligence head said that Russian President Vladimir Putin could be looking to carve Ukraine in two – like North and South Korea. 

''Brig. Gen. Kyrylo Budanov, the head of Ukraine's Defense Intelligence Agency, said Russia’s operations around Kyiv had failed and it was now impossible for the Russian army to overthrow the Ukrainian government. Putin’s war was now focused on the south and the east of the country, he said.''

“There is reason to believe that he is considering a 'Korean' scenario for Ukraine. That is, [Russian forces] will try to impose a dividing line between the unoccupied and occupied regions of our country. In fact, it is an attempt to create North and South Korea in Ukraine.” 

“We are already seeing attempts to create "parallel" authorities in the occupied territories and to force people to give up [the Ukrainian] currency.”

 The update comes on the weekend that US President, Joe Boden, has returned to the White House early Sunday after a three-day trip to Europe.

At the end of his address from Warsaw, the US president made a major declaration saying, "for God's sake, this man cannot remain in power." 

 The Kremlin reacted quickly to the President's remarks with Putin's spokesman Dmitry Peskov saying, "This is not to be decided by Mr. Biden. It should only be a choice of the people of the Russian Federation."

However, the White House has been downplaying Biden's comments. A White House official said Biden wasn't referencing regime change when he said Putin "cannot remain in power."

"The President's point was that Putin cannot be allowed to exercise power over his neighbors or the region. He was not discussing Putin's power in Russia, or regime change," a White House official said.

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

GBP/USD clings to small gains near 1.3450 after UK jobs data

GBP/USD trades in positive territory at around 1.3450 in the European session on Tuesday. The UK ILO Unemployment Rate remained at 4.9% in the three months to May, compared with expectations of 5%, but failed to provide any impetus to the British Pound's renewed uptick. Traders stay cautious amid US-Iran uncertainty and the UK political transition.

EUR/USD keeps range above 1.1400 after German ZEW

EUR/USD is keeping its range above 1.1400 in Tuesday's European session, as the US Dollar (USD) retreats following Monday's rebound. Nevertheless, the uncertainty around the US-Iran conflict limits the pair's upside. Meanwhile, the Euro (EUR) pays little heed to the strong German sentiment data, as traders await Thursday's European Central Bank policy announcements, which could drive the Euro's near-term valuation.

Gold extends recovery toward $4,100

Gold gains traction following Monday's choppy action and advances toward $4,100 on Tuesday. However, the uncertainty surrounding the conflict in the Middle East and growing expectations for a hawkish Federal Reserve policy outlook could make it difficult for the precious metal to gather bullish momentum in the near term.

Bitcoin extends advance as ETF inflows, Iran war mediators' proposal lift risk mood

Bitcoin extends its gains, trading above $65,800 after closing above the key technical hurdle the previous day. The bullish price action is further supported by the return of institutional demand, with spot Exchange Traded Funds continuing their inflows on Monday. In addition, the renewed hopes for peace between the US and Iran have lifted risk sentiment, providing an additional tailwind for the Crypto King.

Buy the dip on the Dow Jones and S&P? Forex Trading Gold descending triangle

Trading during a war, a pandemic, during trade disputes, and other geopolitical events, especially when some major players are sociopathic, can be quite challenging. The Iran war is no exception. The Iran war is no exception.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?
The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.