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You're reading: On closer look, a Potyomkin village-style trade agreement
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But
economists say that the agreement will actually change little in reality. It’s
basically another stunt pulled out by Russia. A clever trick, no more.

“Little has
changed,” says head of the Institute for Economic Research Ihor Burakovsky.
“The deal supersedes more than a hundred bilateral free trade agreements that
regulated trade between different countries in CIS – Russia and Ukraine,
Ukraine and Belarus, and so on.”

The current
trade with Commonwealth of Independent States, or CIS, accounts for 42 percent
of Ukraine’s merchandise turnover. But most export duties that currently exist
will remain.

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