Thursday 21 November 2013

Putin victorious as Ukraine postpones ‘trade suicide,’ halts talks with EU — RT Business

Putin victorious as Ukraine postpones ‘trade suicide,’ halts talks with EU — RT Business:

"Facing its most important economic crosswords since the collapse of the Soviet Union, Kiev has aligned itself closer to Russia, and has suspended preparations to sign an EU trade deal.

Russia has warned a step west towards Ukraine would be "trade suicide" and result in billions in lost trade revenue and that joining the Russia-led Customs Union is more beneficial.

Ukraine will “restore an active dialogue” with the Customs Union and the CIS, as economic and foreign ministers proposed Ukraine, Russia, and the EU create a tri-party commission to improve and strengthen trade relations.

President's spokesman Dmitry Peskov said Russia welcomed Ukraine's decision to actively develop ties with Moscow, and Putin added he wasn't completely against Ukraine's association with EU."

'via Blog this'

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