Mon, Sep 23, 2013 - Page 6 News List

Russia warns Ukraine on pro-EU policy

‘NO RISKS’:The Ukrainian prime minister in a speech dismissed the threat of illicit transit of EU goods into Russia as a ‘hypothetical’ one that would not actually happen


Moody’s cut Ukraine’s sovereign debt rating by one notch to “Caa1” from “B3,” citing concerns over foreign currency reserves, new debt issuance and potentially worsening ties with Russia.

Moody’s said it welcomed the forthcoming EU trade pact as positive overall for Ukraine in the medium term, but added: “The short-term credit negative impact of a negative reaction by Russia outweighs these benefits.”

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