EU and Ukraine Sign Free Trade Agreement

Posted by Joseph R. Fonseca
Sunday, June 29, 2014
Free Trade Agreement-UKRAINE-CRISIS+EU


Friday, the European Union and Ukraine signed a historic free trade agreement, and warned there could be more sanctions to Russia unless the pro-Russian rebels in eastern Ukraine on Monday before the crisis subsided.

Ukrainian President Poroshenko returned from Brussels to Kiev shortly after his website announced that the Ukrainian army against pro-Russian separatists ceasefire extension of 72 hours, until Monday 22:00.

Poroshenko went to Brussels, and the EU signed a far-reaching trade and political cooperation agreement, then lead to the Russian threat, this will lead to "serious consequences."

Georgia and Moldova have signed a similar agreement, further closer to the EU.

Ukraine ceasefire agreement ending date is scheduled for Friday.

Poroshenko sites that extend the ceasefire period, in line with the pace of the EU deadline for the Ukrainian rebel leaders set the EU on Monday asked the Ukrainian rebels agreed to a ceasefire before verification arrangements, restitution belongs to the jurisdiction of the Kiev government border checkpoints, and release the hostages .

EU leaders said they met again stands ready to take significant sanctions against Russia. Foreign Ministry officials said they could be as early as next week, the freezing of assets for the new Russian individuals and businesses. There are already more than 60 names on their list.

Although the EU has identified a list of sanctions against Russia, but the attitude of hesitation on the implementation of sanctions, because some members worried that doing so would provoke their main energy supplier.

Ukraine, Georgia and Moldova made it clear that their ultimate goal is to join the EU, but Brussels aspect because there are not willing to further expand the EU member states to vote its pressure, so there is no commitment to allow the three countries to join. 

(Compiled clouds; revisers in Chunhong)

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