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7/18/14

Moldovia: Russia Prepares Economic Retaliation Over Moldova's EU Deal

As Ukraine, Georgia and Moldova move ever nearer to Europe, much to Russia's dismay, the board of the Eurasian Economic Commission assembled Wednesday with plans to discuss imposing "protective measures" on trade with Moldova.

While the results of Wednesday's meeting are yet unknown — the Commission's press office said that they will be revealed Thursday — Russia's First Deputy Prime Minister, Igor Shuvalov, said last week that the topic was on the board's agenda, ITAR-Tass reported.

The underlying issue is the same one that inspired months of anti-government protests in Ukraine, culminating in the ouster of pro-Russian Ukrainian President Viktor Yanukovych, Russia's annexation of Crimea and the ongoing separatist insurgence in the country's east that has claimed hundreds of lives: an association agreement with the European Union.

Georgia, Moldova and Ukraine have all signed association agreements with the EU, but on July 2 the Moldovan parliament became the first and only one of the three to ratify it, immediately drawing the attention of top Russian officials.

Prime Minister Dmitry Medvedev declared shortly after that Russia must respond "in the very near future" by decisions reached with Belarus and Kazakhstan, its fellow Eurasian Economic Commission and Customs Union members, ITAR-Tass reported.

Read more: Russia Prepares Economic Retaliation Over Moldova's EU Deal | Business | The Moscow Times

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