This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Crimea Secession Vote Sees High Turnout

Supporters of secession were jubilant.

"Today is an important day for all of Crimea, Ukraine and Russia," voter Manita Meshchina said in Sevastopol, the Crimean port where Russia now leases a major naval base from Ukraine for $98 million a year.

More than 70 people surged into a polling station in the city within the first 15 minutes of voting Sunday.

"Today is a holiday!" said 66-year-old Vera Sverkunova, breaking into a patriotic war song: "I want to go home to Russia. It's been so long since I've seen my mama."

Must Read: Dubai Refinancing Deal Reached on $20 Billion Owed

A vote backing secession not only would leave Russia facing strong sanctions by the West but could encourage the pro-Russian sentiment that is rising in Ukraine's east and lead to further divisions in this nation of 46 million. Western Ukraine and the capital of Kiev are strongly pro-West and Ukrainian nationalist.

The referendum comes two weeks after Russian-led forces seized control of Crimea. Locals say they fear oppression by the new Ukrainian government that took over when President Viktor Yanukovych fled to Russia last month.

"It's like they're crazy Texans in western Ukraine. Imagine if the Texans suddenly took over power [in Washington] and told everyone they should speak Texan," said Ilya Khlebanov, a voter in the Crimean capital of Simferopol.

Ukraine's new prime minister insisted again Sunday that neither Ukraine nor the West will recognize the referendum, which he said was conducted at gunpoint.

"Now, on the territory of the autonomous republic of Crimea under the stage direction of the Russian Federation, a circus performance is underway: the so-called referendum," Prime Minister Arseniy Yatsenyuk told a government meeting. "Also taking part in the performance are 21,000 Russian troops, who with their guns are trying to prove the legality of the referendum."

As soon as the polls closed, the White House once again denounced the vote.

"The international community will not recognize the results of a poll administered under threats of violence," it said in a statement. "Russia's actions are dangerous and destabilizing."

Russia raised the stakes Saturday when its forces, backed by helicopter gunships and armored vehicles, took control of the Ukrainian village of Strilkove and a key natural gas distribution plant nearby -- the first Russian military move into Ukraine beyond the Crimean peninsula of 2 million people. The Russian forces later returned the village but kept control of the gas plant.

On Sunday, Ukrainian soldiers were digging trenches and erecting barricades between the village and the gas plant.

"We will not let them advance further into Ukrainian territory," said Serhiy Kuz, commander of a Ukrainian paratrooper battalion.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.51 0.59%
FB $103.97 -1.40%
GOOG $742.88 -0.98%
TSLA $230.81 -0.35%
YHOO $33.35 1.20%


Chart of I:DJI
DOW 17,758.27 -40.22 -0.23%
S&P 500 2,085.62 -4.49 -0.21%
NASDAQ 5,105.4180 -22.1070 -0.43%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs