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Russia rules out compromise trade deal with Ukraine

25 August 2011 09:36 (UTC+04:00)
Russia rules out compromise trade deal with Ukraine

KIEV – Russian President Dmitry Medvedev ruled out a compromise deal with Ukraine on Wednesday which would have allowed Kyiv to pursue free-trade pacts with the European Union and a Russian-led regional bloc, Radio Liberty reported.

Medvedev said that to secure access to Russia's market and a much-needed gas price discount, Ukraine would have to become a full member of the customs union that Moscow has set up with other former Soviet republics Belarus and Kazakhstan.

The government of Ukrainian President Viktor Yanukovich has rejected similar proposals because joining the Russian bloc is incompatible with Kyiv's plans to negotiate a free-trade deal with the EU.

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