Bershidsky gets most of this the right, with a Western spin, of course. He is either missing some background or leaving it out. But overall, he sums it up.
Bloomberg View
Ukraine's President Is Trapped With His Troops
Leonid Bershidsky
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Frustration among the public at large is growing with some in Kiev even talking about a "new Maidan," a reference to the protests that drove Yanukovych out of office (and out of the country) one year ago.
"If nothing changes in Ukraine, then everything will explode in four to six months," says Mikheil Saakashvili, the former president of Georgia and supporter of the new Kiev leadership.
Aid from the International Monetary Fund and other donors is aimed at preventing such an explosion from taking place. In the next four years, Ukraine is to receive around €40 billion euros -- but the program includes "extremely strict conditions," say senior Berlin officials with concern. Among them is an increase in gas prices for private consumers as well as an unpopular pension reform aimed at cutting government spending.
Berlin is worried that support for the government could rapidly disappear should too much be demanded too quickly. Chancellor Merkel has thus charged her economic policy advisor Lars-Hendrik Röller with encouraging the IMF to exercise political caution. "The aid program cannot be allowed to destabilize Ukraine domestically," said one government official in Berlin.Russia Insider
J.Hawk’s Comment: So it’s coming to an end. It’s only a matter of how many troops make it out alive. But the loss of equipment, combined with earlier losses here and everywhere, put into question the UAF’s ability to conduct large-scale operations for a long time to come. The days of “Victory” have come to an end. The days of “Treason” are only beginning… Poroshenko and others were able to avoid reckoning for the earlier Ilovaysk debacle apparently only by promising a rematch. They seem to have lost that one too, and Round 3 does not seem in the cards. But Round 2 is the only thing kept all the different factions of the very fragile "pro-European" junta together.Alexander Zakharchenko, the Novorossiyan leader was slightly wounded by shrapnel in the leg.