Week’s balance: Ukraine-EU deal overcoming Dutch obstacle in Brussels, NBU extends market restrictions, Ukrzaliznytsia repulses cyberattack

Vitaliy Chuiko

Ratification of the Ukraine-EU Association Agreement sees prospects of being completed soon, the National Bank of Ukraine prolonged forex restrictions and outlined its plans for 2017, while Ukrzaliznytsia became the latest victim of cyberattacks – these are the main economic news of this week.

Leaders of the European Union last week finally unfroze the process of ratification of the Association Agreement with Ukraine. As we know, everything came to a halt because of a single EU Member State, the Netherlands, where the majority of voters in an earlier referendum spoke up against such an association with Ukraine.
EU leaders at the December 15 summit made concessions to the Netherlands and approved an additional annex to the Ukraine-EU deal. 

The additional document has not altered the text of the main document. However, it clearly states that the agreement is not a prerequisite for Ukraine's accession to the EU or for any additional financial aid from the EU Member States.

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