NEWS HEADLINES for Eastern Europe and Russia


Integration with the European Union is a priority for Ukraine, the country's new president, Viktor Yanukovych, says.

May 2012

Mr Yanukovych is seen as closer to Russia than his predecessor Viktor Yushchenko was - yet his first foreign visit as head of state is to Brussels.

"European integration is a key priority," he said after talks with EU leaders on Monday.

Mr Yanukovych said the talks focused on a planned association deal with the EU that would allow free trade.

His defeated rival, Prime Minister Yulia Tymoshenko, now faces a vote of no-confidence on Wednesday in the Ukrainian parliament.

She was an Orange Revolution ally of Mr Yushchenko, the former president whose pro-Western stance, including the ambition to join the EU and Nato, angered Moscow.

Mr Yanukovych pledged to "enhance" relations with Russia to ensure reliable deliveries of Russian gas to the EU via Ukraine. A dispute with Russia over gas prices disrupted supplies to the EU in January 2009.

The BBC's James Rodgers - a former Moscow correspondent - says Russia sees in Mr Yanukovych a friendlier partner than Mr Yushchenko, but its reaction to his victory has been quiet, not triumphalist.

Ukraine's foreign policy is no longer a simple question of East or West, our correspondent says. Europe also wants Ukraine and Russia to get on well.

Mr Yanukovych, who was sworn in as president last week, will head to Moscow on Friday.

Reviving the struggling Ukrainian economy is another big challenge that lies ahead of him.

The International Monetary Fund has suspended part of a $16.4bn (£10.8bn) loan for Ukraine, demanding that the government implement economic reforms.


Investment Banks for Eastern Europe and Russia
Featured Partners
Chambers of Commerce for Eastern Europe and Russia
Partner Search Questionnaire - Developing Business Contacts for Russia and Eastern Europe
 
DPR Construction
 
Siemens
 
General Motors
 
Beiten Burkhardt Rechtsanwaltsgesellschaft mbm
 
 
 

DOING BUSINESS IN EASTERN EUROPE

Calculate Import Duty and VAT
Calculate Import Duty and VAT
 
 
Business Development: Developing Business in Eastern Europe
Bosch Tools Meritor Inc