World News

Aug 28, 2014 7:14 AM by Associated Press

Strategic Ukraine town under rebel control

NOVOAZOVSK, Ukraine (AP) - Ukraine's president called an emergency meeting of the nation's security council and canceled a foreign trip, declaring that "Russian forces have entered Ukraine," as concerns grew about the opening of a new front in the conflict.

President Petro Poroshenko summoned the council on Thursday as the strategic southeastern Ukraine town of Novoazovsk appeared firmly under the control of Russia-backed separatists.

Russian markets took a dive Thursday as fears grew that the country was escalating its role in the conflict, a move that could provoke the U.S. and European Union to impose further sanctions on Russian businesses and individuals. Russia's MICEX index dropped nearly 2 percent on Thursday, and major Russian banks VTB and Sberbank dropped more than 4 percent.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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