Friday 11 October 2013

Putin Mounts Assault on Ukraine Favoring EU Link Over Russia Tie - Bloomberg

Putin Mounts Assault on Ukraine Favoring EU Link Over Russia Tie - Bloomberg:

"Russia is mounting a last-ditch offensive to torpedo Ukraine’s shift toward Europe as President Vladimir Putin seeks to salvage his dream of a common economic space in the former Soviet Union.
As Ukraine pursues an accord on European Union integration, Russia has disrupted regional trade and sent thousands of troops for war games on the doorstep of the three Baltic nations that joined the bloc in 2004. The pact is due to be signed next month in Lithuania, alongside similar deals for Georgia and Moldova.
The agreement would be the latest step in Ukraine’s bid to break away from its former Soviet master and poses risks for both sides. For Putin, the move threatens to wreck his dream of a continent-spanning economic bloc to rival the European Union. Ukraine is gambling that closer European ties will outweigh the risk of retribution from Russia, which buys a quarter of its imports and supplies it with 60 percent of its gas supplies."

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