On closer look, a Potyomkin village-style trade agreement

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Aug. 16, 2012, 8:26 p.m. | Business — by Svitlana Tuchynska

Ukrainian billionaire Viktor Pinchuk and his pipe-exporting empire will be one of the big beneficiaries of a new free trade agreement with Russia and Belarus, but overall experts don't see many advantages in the deal.

Svitlana Tuchynska

 Since Aug. 9, when Ukraine ratified a free trade agreement with Russia and Belarus, the nation's officials have not stopped praising it.  Iryna Akimova, deputy head of Presidential Administration, said the deal will create 60,000 jobs in the country and will boost tax revenues by Hr 9.4 billion per year, and so on.

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