I have big doubts about the wisdom of Putin’s latest move

I just got back home for 30 min and I found out that Putin is requested that the referendum scheduled for the 11th be postponed.  There seem to be some hints that Merkel and Putin have hammered out some common  position including a round-table with all the parties present.  Finally, the Russians are claiming that they have withdrawn the forces along the Ukrainian border.Frankly, I am totally confused by that