On November 29, the Vilnius summit ended with unsuccessful results for the EU, who played a dominant role in the discussions involving the five former Soviet countries in this partnership.
Ukraine refused to sign an accord of association with the EU, which would have permitted the acceleration of rapprochement between the two sides.
Ukrainian President Viktor Yanukovych branded the proposition from the EU, which would have involved $600 million in financing, "humiliating."
Yanukovych hasn't ruled out the possibility of signing a similar accord in the future, but according to him, this type of partnership requires Ukraine to undertake more preparation. In this way, the president focuses more attention on the economic development of his country.
This development could be realized with more financial assistance from the EU and reestablishing the relationship with the IMF and World Bank with the support of the EU, as well as reevaluating European restrictions of some imports from Ukraine.
Yanukovych has also highlighted the difficulties facing Ukraine's economy, which involve the high prices of gas imports from Russia, and he proposed a trilateral accord involving Russia, Ukraine and the EU.
05 Dek2013
