Fitch: Ukraine-EU Deal Recedes, Impact Mixed, Ratings Neutral | Reuters:
"Ukraine's announcement that it was halting preparations to sign an Association Agreement with the European Union threatens to leave in limbo a process that, if fully implemented, would strengthen Ukraine's credit profile, Fitch Ratings says. But the retreat may also reduce the more immediate risk of Russian economic retaliation, which has already affected Ukraine's exports in 2013. Ukraine could be offered another opportunity to sign the EU Association Agreement at some point. Its call for three-way talks involving the EU and Russia indicates that the government wants to keep an EU deal as an option and capitalise on the legislative preparations it has already made. However, European Parliamentary elections in May 2014, followed by Ukraine's presidential election in April 2015, mean reviving the process will probably take time. "
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