Political status of Crimea declared their independence from Ukraine as a single united state under the name of "Republic of Crimea". These two entities (Crimea and Sevastopol) were then annexed by Russia, where the Crimean Autonomous Republic became the "Republic of Crimea" as a Russian republic and Sevastopol became a Russian federal city. However, Ukraine and the majority of the international community do not consider the merge, the independence, the referendum, nor the annexation legitimate and still consider both entities as parts of Ukraine. Despite international opinion however, the currency, tax and legal system are all operational under Russian jurisdiction. Ukraine has applied for
Timeline of the annexation of Crimea by the Russian Federation Crimean parliament officially declared its independence from Ukraine and requested full accession to the Russian Federation, thus ending Crimea's 60 years as a Ukrainian territory. Obama declared sanctions on 11 Ukrainian and Russian official considered responsible for the crisis. Markets surged as investor worries faded after the referendum passed without violence. The Dow Jones Industrial Average increased by nearly 1%. Abkhazia, Nagorno-Karabakh, Russia, and South Ossetia officially recognize the independence of Crimea. The dead body of Reşat Ametovyaky, an ethnic Crimean Tartar, was found in the Belogorskiy Region of Crimea. He disappeared on his way to the recruitment office on