Business
A.M. Edition for Feb. 15. Russia’s Defense Ministry announces some troops are retreating from Ukraine’s border, but large-scale military exercises are continuing. To better understand Moscow’s intentions, a potentially helpful clue can be found in how Russian-led separatists have been waging war in eastern Ukraine’s Donbas region since 2014. The WSJ’s Ann Simmons explains what that conflict shows us about the costs of a further Russian invasion. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices