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BRUSSELS (Reuters) - Moscow will curtail Ukraine's access to vital Russian markets if Kiev implements any part of a trade agreement with the European Union, President Vladimir Putin warned in a letter, toughening his stance on a deal at the center of East-West tensions.
In a letter to Ukrainian President Petro Poroshenko, seen by Reuters on Tuesday, Putin warned that even changing national legislation to prepare for the EU-Ukraine trade deal, known as the association agreement, would trigger an immediate response from Moscow.
"We still believe that only systemic adjustments of the Association Agreement, which take into account the full range of risks to Russian-Ukranian economic ties and to the whole Russian economy, will allow to retain existing trade and economic cooperation between the Russian Federation and Ukraine," Putin wrote in the letter, which is dated Sept. 17.
Putin did not go into detail about possible retaliation, but Russian Prime Minister Dmitry Medvedev said last week he had signed an order to curb Ukrainian exporters' access to Russia. Those measures are yet to take effect.
Substantially raising Russian tariffs could mean 3 billion euros a year in lost business for Ukraine, which exports mainly steel, coal, chemicals and grains to Russia, EU diplomats say.
Putin wants three-way negotiations to amend the EU's accord with Kiev, which Russia says will hurt its own economy.
According to EU officials, Russia wants to remove more than 2,000 products eligible for duty-free access to the European Union, tearing up about a quarter of the agreement.
Russian companies are also concerned they will not be able to import into Ukraine after Ukraine adopts higher EU standards as part of its implementation of the pact.
Ukrainian companies will receive European technical help and funds to help adapt to EU regulations. But without some kind of agreement with the EU, Russia would have to put up its own funds to help its companies such as carmakers modernize and comply with EU standards.
Where does Putin get off dictating to Ukraine on how Ukraine economy will work.
I am to the point now where I fully support Ukraine entering the EU as well as NATO. Its apparently the only way to protect these nations from a psychotic Putin.
NATO/OBAMA/NEOCONS/McCain are Psychotics.
of, denoting, or suffering from a psychosis.
originally posted by: Agent_USA_Supporter
Putin is right about the EU deal and economy and the effects of the Euporean Union and its deals just look at the current stats of the Euporean Union.
originally posted by: Agent_USA_Supporter
Things arent looking that great. It seems another economic is around the corner.
The factors include.
originally posted by: Agent_USA_Supporter
-Western Euporean countries have not recovered. More mass unemployment rate keeps rising.
Eurostat estimates that 24.850 million men and women in the EU-28[1], of whom 18.409 million were in the euro area (EA-18)[2], were unemployed in July 2014. Compared with June 2014, the number of persons unemployed decreased by 41 000 in the EU-28 and remained nearly stable in the euro area. Compared with July 2013, unemployment fell by 1 634 000 in the EU-28 and by 725 000 in the euro area.
The euro area seasonally-adjusted unemployment rate was 11.5 % in July 2014, stable compared with June 2014 but down from 11.9 % in July 2013. The EU-28 unemployment rate was 10.2 % in July 2014, also stable compared with June 2014 but down from 10.9 % in July 2013.
originally posted by: Agent_USA_Supporter
-Greece problems got worsen.
originally posted by: Agent_USA_Supporter
-Eastern Euporean countries whom are with the EU unemployment rate keeps rising debts keep growing.
originally posted by: Agent_USA_Supporter
-France getting worse, Spain worse.
originally posted by: Agent_USA_Supporter
But seems to me in your mind that everything in the west is fixed and things are just fine.
originally posted by: Agent_USA_Supporter
How about you spend the time and energy on fixing Russia's economy
Russia's economy is doing far better then America's or Europe's for that matter care to prove it me wrong? in fact Russia has no debts compared to your country which is America.
Public debt
7.9% of GDP (2013 est.)
Revenues $469 billion (2012 est.)
Expenses $414 billion (2012 est.)
Credit rating
Standard & Poor's:
BBB (Domestic)
BBB- (Foreign)
BBB- (T&C Assessment)
Outlook: Negative
Moody's:
Baa1
Outlook: Negative
Fitch:
BBB
Outlook: Negative
Foreign reserves
$467.2 billion (1 June 2014)
originally posted by: Agent_USA_Supporter
instead of threatening other countries who wish to move into the 21st century.
Oh you mean like Obama is doing to Syria and threats Russia? comical..
originally posted by: Agent_USA_Supporter
a reply to: Xcathdra
Of course you support Ukraine entering the EU as well as NATO. Judging how badly NATO's record is and how badly the EU is doing on the economy front.
originally posted by: Agent_USA_Supporter
There you go fixed it for you and now you see why i compared your talking memo points to McCain. Another thing if Putin was an Psychotic wouldn't he be already taking out several eastern countries by now?
originally posted by: Agent_USA_Supporter
Oh and an Psychotic is.
of, denoting, or suffering from a psychosis.
That Russia is attempting to dictate to Ukraine, a sovereign nation, how to conduct its internal and foreign affairs, and now apparently their economy.
originally posted by: Xcathdra
That Russia is attempting to dictate to Ukraine, a sovereign nation, how to conduct its internal and foreign affairs, and now apparently their economy.
EU warns Russia not to use gas as weapon in Ukraine crisis