EU trade pact problematic

Ukraine’s signing of a trade and economic pact with the European Union may bring “grave consequences,” Russia warns.  The agreement prompts EU leaders to hold off on imposing new sanctions on Russia for its continued military presence in Ukraine.  Ukrainian President Petro Poroshenko calls the agreement with the EU the “most important day” for his country since it became independent from the Soviet Union.  Olexander Motsyk, Ukraine’s ambassador to the U.S., told FoxNews.com:

It is our ambition to become a member of the European Union in foreseeable future, the purpose of which is not just to join the EU, but, most importantly, to build a free, democratic and prosperous European nation in Ukraine.

Russian Deputy Foreign Minister Grigory Karasin said.

There will undoubtedly be serious consequences for Ukraine and Moldova’s signing.