MOSCOW (Sputnik) — In June 2014, Ukraine and the European Union signed a landmark association agreement aimed at bringing Kiev and Brussels closer together, both economically and politically. It specifically seeks to create a free trade zone between Ukraine and the 28-nation bloc.
Moscow believes that a free trade area between Kiev and Brussels could result in the uncontrolled flow of European goods into the Russian market. Russia’s concerns over the implementation of the agreement caused the postponement of the free-trade zone's implementation until early 2016.
"The provisional application of the DCFTA will start on 1 January 2016… The EU is fully and constructively engaged in the trilateral talks on the implementation of the EU-Ukraine DCFTA. We continue to look for practical solutions to concerns raised by Russia in view of reaching a joint understanding at ministerial level on 1 December 2015," the source said.
