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In May 2010, President Viktor Yanukovych promised to adopt in June 2010 the legislation necessary for creating a free trade zone between Ukraine and the European Union (EU) [1]. The Agreement was to be signed in Vilnius on the 29th November, 2013.
But the Preparations for signing the (AA) were suspended on the 21st November, 2013 [2].
Deadlines were set for Ukraine to carry out the required changes to its justice and electoral systems in order to enable the formal signing of their agreements with the EU in Vilnius on 29th November 2013.

But although the then Ukrainian President Viktor Yanukovych had urged the Ukrainian parliament to adopt laws so that Ukraine could meet the EU's criteria, the Ukrainian government suspended preparations for signing the association agreement on the 21st November 2013.

Yanukovych still attended the aforementioned EU summit in Vilnius on 28–29th November 2013 where the association agreement was originally planned to be signed but it was not. The decision to put off signing the association agreement led to large, widespread protests in Ukraine [2].
The Party of Regions were initially very supportive of the association agreement with the European Union, but backed out after the EU refused to renegotiate the agreement or to give financial guarantees and economic relief to Kiev for the trade losses and higher gas prices that Ukraine would face as a result of signing the agreement.

President Yanukovich and his Party of Regions realized that the agreement would allow corporations from the European Union to dismantle their own corporations and to replace their monopolies with EU corporate monopolies and control. The EU agreement would force Ukraine to change many of its trade laws and regulations that would disadvantage the Ukrainian oligarch’s corporations and, in economic terms, allow for Ukraine to be gutted and essentially reduced to an Eastern European colony.

The Ukrainian government did not sign the European Union’s EU-Ukraine Association Agreement because of its own interests and not on the basis of favourable sentiments towards Russia. The agreement with the EU additionally would force Ukraine to cut its trade ties with its major economic partners, Russia and the other members of the Commonwealth of Independent States (CIS), without providing any alternative

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Submitted on
October 15, 2014