Ukraine Downplays EU Pact Concerns | Business | The Moscow Times

Ukraine Downplays EU Pact Concerns | Business | The Moscow Times:

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Wikimapia

The ban on the products of Ukrainian chocolate producer Roshen is an issue that aggravates bilateral relations.

Ukraine's prime minister sought Saturday to calm Russian fears over Kiev's plans to sign a free trade pact with the European Union, but a Kremlin official repeated threats of retaliatory action.

Officials from Ukraine and its old Soviet master, Russia, clashed at an international gathering in the Black Sea resort of Yalta over Kiev's plans to sign landmark agreements in November with the EU on political association and free trade.

Moody's Investor Service cut Ukraine's sovereign credit rating on Friday, partly because of concern over relations with Russia.

Russia says it fears its market could be flooded by competitive EU goods entering Ukraine free of import duties and being re-exported across the long border with Russia."

'via Blog this'