International Trade Expo - Ukraine: EU Offer Ukraine $700m Trade Breaks
Source:freshbusinessthinking 2014-3-13 9:13:00
The European Commission has offered Ukraine $700m worth of trade incentives in an attempt to stabilise the country's economy.
The Commission's President, Jose Manuel Barroso, said it would cut taxes on importing some Ukrainian goods. It is part of the efforts to sign the deal that was rejected by ousted Ukrainian President, Viktor Yanukovych, which sparked the crisis in the country.
It prompted mass protests and an intervention from Russian military forces. Russian's took control of the Crimea region in the South of Ukraine, including several Ukrainian military bases.
But Russian President Vladimir Putin denies involvement, suggesting that the forces are 'independent self-defence forces'.
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