Four Charts to Show Why Putin Needs the Truce to Hold

Putin Announces Ukraine Cease-Fire to Begin Feb. 15

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Russia's struggling economy may help explain why President Vladimir Putin made a personal appearance at the Ukraine peace talks in Belarus last week.

German Chancellor Angela Merkel describedBloomberg Terminal the cease-fire that emerged as fragile, even as the agreement reduced the violence. A similar accord in September, also started out with a lull in the fighting, only to give way to unprecedented bloodshedBloomberg Terminal by January.