World Business News

A round up of the latest news for those doing business internationally

EU signs pacts with ex-USSR states

Zone(s): Europe, Russia ¦ Sector(s): Trade

[27 June 2014, BBC News] Ukraine, Georgia and Moldova have signed partnership agreements with the European Union, in a move strongly opposed by Russia. The pact – which would bind the three countries more closely to the West both economically and politically – is at the heart of the crisis in Ukraine. Russia said that while the signing of the deal was the right of any state there could be grave consequences.