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Ukraine Votes For Trade Ban On Russia

“I think we will return to these issues a couple of times”.

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Euronews correspondent in Kyiv, Sergio Cantone, reported: “To engage Russian Federation in a trilateral format of negotiation is an idea of the European Union in order to appease Moscow”.


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Yet Russia argues that the upcoming trade agreement between Kiev and Brussels, known officially as the “EU-Ukraine Deep and Comprehensive Free Trade Area”, threatens to turn Ukraine into a backdoor for cheap EU exports to Russia. Larry is our main news editor.


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“This exercise is now over”, Malmstroem said, detailing repeated efforts over the past 18 months to meet Russia’s demands as the Ukraine crisis pushed ties with Moscow into the deep freeze.

The EU added that the sanctions have been prolonged till July 31 as it tries to assess Russian compliance with the Minsk peace accord. Putin still holds Crimea, and Russian troops continue to back pro-Russian separatists in eastern Ukraine.

A number of the individuals and entities designated Tuesday have been previously designated by the European Union (EU), a move the Treasury Department said underscores continued trans-Atlantic unity in responding to Russia’s actions in Ukraine.

Yanukovich fled to Russian Federation in early 2014 after protesters were shot on the streets. It is now scrapping its preferential terms for Ukrainian exporters.

Prime Minister Arseny Yatseniuk told parliament before Thursday’s vote that Ukraine proposed to introduce similar restrictions from January. A new legally binding accord would “reopen” the DCFTA, the Commission said, but “the DCFTA can not be amended – neither directly nor indirectly”.

The EU sanctions decision was meant to have been a formality, with member country ambassadors supposed to approve the rollover in early December and thereby avoid debate at the leaders summit which took place last week in Brussels.

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Although the east Ukrainian conflict has waned since September, trade and financial frictions with Russian Federation have intensified. Ukraine’s gas dependency on Russian Federation was reduced through energy efficiency measures and diversifying sources of supply.

Ukraine's Prime Minister Arseniy Yatsenyuk at the Verkhovna Rada session
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