Pro-European protesters in the Ukraine

bigstock-Flag-Of-Ukraine-resized2

Pro-European protesters in the Ukrainebigstock-Flag-Of-Ukraine-resized2

The Ukrainian parliament has come under fire from protesters after deciding to withdraw from an EU integration agreement. Pro-European protesters have been demonstrating against the decision this week, including blockading government buildings to prevent officials entering.

The cost of insuring Ukraine’s debt against default has risen to the highest since January 2010 and the country has been struggling to make foreign debt repayments and pay state staff wages.

The disruption to government operations could aggravate the situation but the protesters are clear in what they want.

Hundreds of thousands of Ukrainian residents have been demonstrating since the national government decided to postpone their agreement to an EU trade and association deal earlier in the week.

Political opposition leader Arseniy Yatseniuk said his party and the protesters wanted to see Prime Minister Mykola Azarov sacked, but a “no confidence” vote in parliament by the opposition failed to achieve the 226 MP votes it needed to oust the current Prime Minister from his position of authority.

Russia has previously put pressure on the Ukraine’s trade avenues to prevent the country signing up to EU deals. Officials stated that Brussels had offered financial aid to help counteract this pressure, although the President of the European Commission, José Manuel Barroso, said that negotiations on the terms of the agreement had closed.

Related Articles for Spanish Company Formation

The information and any commentary on the law contained on this website is provided for information and guidance purposes only. Every reasonable effort is made to make the information and commentary accurate and up to date, but no responsibility for its accuracy and correctness, or for any consequences of relying upon it is assumed by Open A European Company, its directors , employees or associated websites.

The information and commentary on Open A European Company’s site does not, and is not intended to amount to legal advice to any third party on a specific case or matter. You are strongly recommended to obtain specific, direct legal advice from professional advisers whether these be your own advisers or those that appear on the OpenAeuropeancompany.com site. You should consider taking advice both in the country in which you are domiciled and in the country in which you are seeking to open a company. and not to rely on the information or comments on this site.

Copyright © 2009-2025 Open a European Company