Since assuming the presidency in early 2010, Victor Yanukovych has tried to pursue a balance between strengthening Ukraine’s integration with Europe and maintaining a positive relationship with Russia. He has also sought to avoid having to choose between the European Union and Moscow. On one issue, however, he could not avoid a choice: Should Ukraine conclude an association agreement, including a deep and comprehensive free trade arrangement, with the European Union, or should it instead join a customs union with Russia, Belarus and Kazakhstan?
Over the past several years, Yanukovych has consistently favored an EU association agreement, and Kyiv very much wants to sign the agreement at a summit meeting scheduled for Vilnius in late-November. The economics behind this choice make sense. Ukraine’s trade with the European Union already exceeds its trade with Russia, and the combined gross domestic product of the European Union is six times that of the Moscow-led customs union. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Syria Jihadi Role Puts Georgia’s Extremists in Spotlight
- World Citizen: As Oil Prices Drop, Some Seek Hidden Hands Behind Market Forces
- Global Insights: Chemical Weapons Regime Must Be Updated to Better Counter Terrorist Threat
- Diplomatic Fallout: No Passing Fad, Russia-China Friendship Puts West in a Bind
- Discredited Politics, Inconclusive Election Leave Bulgaria Adrift