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Showing posts with label eurasian economic community. Show all posts
Showing posts with label eurasian economic community. Show all posts

Saturday, June 28, 2014

Donetsk Peoples Republic intends to leave Ukraine

Donetsk Peoples Republic intends to leave Ukraine

Self-proclaimed Donetsk People's Republic intends to leave Ukraine's jurisdiction and integrate with Customs Union to avoid economic fallout from Ukraine's association agreement with the EU, Donetsk Republic's deputy prime minister Andrei Purgin said.

"By making this decision Ukraine in fact cuts itself off from the Russian market. It is 99 percent machine manufacturing, metals industry, partially agriculture, etc... Possibly, from the side of the Customs Union and the Eurasian Economic Community [reaction] will not be head on, but more pin-pointed. In any case, losses in trade with Customs Unions will be upwards from 50 percent," Purgin said.