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News Link • Economy - International

Ukraine Signs Trade Pact with EU

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The government of the Ukraine has signed a historic trade pact with the European Union. The announcement was made on June 27th, at a signing ceremony in Brussels. Russia has worked for months to prevent Kiev from forging tighter bonds with western nations. A similar agreement was rejected by then-president Viktor Yanukovych. That decision sparked widespread protests that led to the overthrow of the Ukrainian government. A top Russian diplomat warned Ukraine there would be "serious consequences" for signing the agreement. Exports from the 28-member European Union will now be free of tariffs when sent to the former Soviet country. In exchange, the government of Kiev will work to bring national standards for consumer goods up to European standards. In April, pro-Russian separatists took control of government buildings in eastern Ukraine. Since that time, dozens of gunmen and hundreds of citizens of that European nation have died in skirmishes. Ukrainian President

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