Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
> >
Open news article

Ukraine in landmark pact with European Union

One News Page Staff


Ukraine in landmark pact with European Unionby

Russia has warned that Ukraine's signing an historic trade and economic pact with the European Union Friday would have "serious consequences"

BRUSSELS, Belgium -- Hailing Friday as the "most important day" for Ukraine, the country's president Petro Poroshenko signed a trade pact with the European Union. The pact, which is widely regarded as the trigger of the current Ukraine crisis, prompted an angry response from Moscow, including the threat of "grave" economic consequences for the former Soviet state.

Poroshenko inked the telephone-book-thick trade pact alongside two other former Soviet republics, Georgia and Molodva. The pact will open the vast 28-nation E.U. market, with its 504 million residents, to tariff-free exports from the countries in exchange for gradual work toward bringing regulations up to European standards.

Russia's reaction to the signing was threatening but unspecific. "There will undoubtedly be serious consequences for Ukraine and Moldova's signing," Russian Deputy Foreign Minister Grigory Karasin said. Fearing the loss of influence over its strategic neighbour Ukraine, Russia is mulling its options. Russia's state-controlled gas company Gazprom warned Friday that it would continue to cut gas shipments to Ukraine and warned its European customers that it would limit supplies to countries that intend to re-sell the gas to Ukraine.

"Ukraine has no right to use the gas in its pipeline," Gazprom CEO Alexei Miller said.

4
shares
Share on FacebookShare on Twitter Comment
 
Source: Wall Street Journal Live - on June 27, 2014

News video: Ukraine Signs Pacts With European Union, and More

Ukraine Signs Pacts With European Union, and More 01:38

What's News: The European Union signs trade and political deals with Ukraine, Georgia and Moldova. Former Luxembourg Prime Minister Jean-Claude Juncker elected president of European Commission. Sales of frozen foods slump as American tastes shift toward fresh foods. Tanya Rivero reports. Photo: Getty...

Recent related news

Open news article

Finland Not Afraid to Criticize Russia - New Foreign Minister

Finland's government aims to maintain good relations with neighbouring Russia, but it condemns the annexation of Crimea and will comply with European Union...
Moscow Times 23 hours ago - Europe

Open news article

Germany wants WWIII?

Germany is actually the owner of the European Union. The Germans have realized now that with the help of war, they can get hold of other territories, such as...
PRAVDA 4 days ago - World

Open news article

Britain hinges on a Brexit as David Cameron is left out of EU treaty talks

Britain hinges on a Brexit as David Cameron is left out of EU treaty talks
It is a distinct possibility that Britain could leave the European Union, when the Conservative party presents the country with an in-out referendum by 2017, as...
Business Insider 4 days ago - Business

Open news article

EU agrees €1.8bn loan to Ukraine

The European Union agrees a €1.8bn (£1.3bn; $2bn) loan to Ukraine - the largest financial aid deal with a non-EU member.
BBC News 1 week ago - World

Open news article

Ukraine crisis makes EU eastern partnership more important: Merkel

BERLIN (Reuters) - The crisis in Ukraine makes the European Union's partnership with the bloc's eastern neighbors more important than ever, German Chancellor...
Reuters 1 week ago - World

Open news article

EU Careful Not to Tread on Moscow's Toes at Eastern Summit

European Union leaders will again try to draw Russia's neighbors closer at their Eastern Partnership summit starting Thursday in what has become a rite of...
VOA News 1 week ago - AfricaAlso reported by •EurActivMoscow Times
Open news article

David Cameron hoping re-negotiate Britain's place in the EU

David Cameron hoping re-negotiate Britain's place in the EU
21 May 2015 Last updated at 06:26 BST For many of the European Union's newest members, concerns about the security of the bloc's eastern borders are a top...
WorldNews 1 week ago - Front Page


You Might Like


Other recent news in World

Zimbabwe cricket match blast was 'suicide bomb': PAKISTAN ministerEGYPT, Pakistan clash leaves OIC unity in shambles
Pakistan: Transformer blast injures policemen at GADDAFI STADIUMSILK ROAD founder gets life for creating online drug site
US ANTHRAX no threat to public: BishopUS demands immediate halt to SOUTH CHINA SEA reclamations
American EXPRESS Boss Ed Gilligan DiesBURUNDI election panel vice president flees country
Australia welcomes UN call on GREAT BARRIER REEFPhoto gallery: Aerial views of floodwaters in TEXAS, Arkansas

Twitter


Comments

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2015 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
One News Page - Top Headlines RSS Feed RSS  |  News for my Website  |  Free news search widget  |  Advertise  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |  One News Page on Facebook LIKE us on Facebook  One News Page on Twitter FOLLOW us on Twitter  One News Page on Google+ FIND us on Google+