Ukraine’s transition to EU trade standards will cost €165bn – Putin

Ukraine’s transition to EU trade standards will cost €165bn – Putin

Switching over to EU trade standards will cost Ukraine €165 billion over the next 10 years, Russian President Putin warned at a meeting with President Petro Poroshenko in Minsk on Tuesday.

Moscow has long warned Kiev that signing the Association Agreement (AA) with the EU would be economic suicide, whereas Moscow is also poised to suffer a €2 billion blow, according to Putin.

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