Political unrest and economic instability have forced Ukraine to take drastic measures to protect the fast-depreciating hryvnia. In November the Bank spent $800 million to ‘save’ the currency, sending foreign reserves to their lowest since 2006.
The World Trade Organization has formally approved a historic package of agreements after over a decade of negotiations. Trade talks among 159 world economies came to an end after Cuba dropped its objections to the draft agreement.
Neither Ukrainians nor EU citizens have been shown the whole picture of the consequences of Ukraine signing the EU association deal, Jeffrey Sommers, Associate Professor of Political Economy & Public Policy at the University of Missouri, told RT.
After straining relations with China by meeting exiled Tibetan spiritual leader the Dalai Lama in May 2012, UK Prime Minister David Cameron effected a volte-face this week on an unabashed commercial visit that kept sensitive human rights issues at bay.
President Viktor Yanukovych left the chaotic streets of Kiev for planned trips to China and Russia, in search of a fix for Ukraine’s near bankrupt economy, which has left him walking a narrow line between European and Russian trade deals.
UK Prime Minister David Cameron, along with 120 business people, has begun an official visit to China. The largest British mission of its kind seeks to lay ground for $1 trillion free trade deal between China and the EU.
Moscow is ready to resume talks in Bali on Tuesday and hopefully sign a landmark Asia-Pacific region free trade zone deal, which would cheapen import goods worldwide and boost global trade by $1 trillion, Aleksey Uluykaev told in interview to RT.