Published on
Common Dreams

Ukraine Due to Ink Austerity Pact with EU

Newly elected President Petro Poroshenko will reportedly sign on Friday a contentious deal that led to months-long upheaval

Lauren McCauley, staff writer
A Ukrainian flag. (Photo: Ivan Bandura/ cc/ Flickr)

A Ukrainian flag. (Photo: Ivan Bandura/ cc/ Flickr)

The government of Ukraine is expected to sign on Friday a contentious economic and trade agreement with the European Union, the threat of which had previously polarized the nation and sparked months of violence and upheaval.

Newly elected President Petro Poroshenko is due to sign the document at a ceremony in Brussels, the Associated Press reported on Wednesday. The austerity-driven agreement is said to bring sweeping changes to the economy of the country.


Never Miss a Beat.

Get our best delivered to your inbox.

In a decision that led to his ouster, former Ukrainian President Viktor Yanukovych had previously balked at signing what many described as the "harsh" reforms, which were dictated largely by the International Monetary Fund.

The AP describes the agreement as a "1,200-page telephone book of a document crammed with rules on everything from turkeys to tulips, cheese to machinery."


This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Please select a donation method:

Share This Article