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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