Ukraine's Costly European Dream

Ukrainian President Petro Poroshenko signed the long-awaited trade and association agreement with the EU knowing that it will not bring immediate economic benefits. Ukraine has already paid a high price for its European dream, but it stands to pay some more.
President Petro Poroshenko may be abandoning Ukraine's role as a bridge between Europe and Russia.

Ukraine President Petro Poroshenko just signed a major trade agreement with the European Union. The EU also set out specific, Poroshenko-suggested terms for a new round of sanctions against Russia. There is no question where European leaders' sympathies lie, but Ukraine will have to pay a price for abandoning its role as a bridge between Russia and Europe and embracing the EU so completely.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.