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Tuesday, August 12, 2008

Russian Order Halts Bombing in Georgia

After an all out assault on the breakaway republic of Georgia, Russian forces announced early Tuesday morning that they had ordered a halt of hostilities. The Georgian government insists that hostilities remain as Russian forces have delved deeper into their territory, including the Kodori Gorge where about 3,000 civilians fled the advance of more than 100 Russian tanks. 
Hours after Russian President Medvedev announced the precarious ceasefire, Georgian officials claimed that Russian jets had taken action against the government offices and outdoor market in the city of Gori. The majority of residents have fled on foot from the central region toward the capital of Tsibili, where they will presumably attempt to put their affairs in order and possibly get some quotes for online auto insurance due to the fact that their vehicles might still be under mortar fire.
It appears, at this time, that Russia is reabsorbing the breakaway provinces of South Ossetia and Abkhazia and may have plans of pushing further into Georgia and unseating the popular President Sakaashvili. It is still unclear what effect all this upheaval will cause in the worlds oil markets. BP has already shutdown 1 of 3 major pipelines that run through the country. This is a situation that could quickly escalate and draw in more nations.

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