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Ukraine’s association with EU impossible under integration into EurAsEC, official says

Ukraine’s association with EU impossible under integration into EurAsEC, official says

Ukraine's decision to resume participation in the Eurasian economic integration is not compatible with the integration of the country into the European Union, advisor to the President of the Russian Federation, deputy secretary general of the Eurasian Economic Community (EurAsEC) Sergei Glazyev stated.

"For the Ukrainian public opinion it is important to understand that it is impossible at the same time to sign the Association Agreement with the European Union and to participate in the Customs Union," he told reporters in Astana on Tuesday.

"We proceed from the fact that, for we have agreed to give Ukraine the status of an observer in the Eurasian Economic Union, which is now being formed, this means Ukraine's intention to join the union. Because the observer status is granted only to those states that wish to join our integration association," the advisor to Russian President emphasized.

He added that the Customs Union is built entirely on the WTO rules, and "Ukraine as the WTO member faces no obstacles to participate in the Customs Union".

According to him, the economic effect of the integration of Ukraine into the CU structure can make up to $ 9 billion, which will come annually to the economy of Ukraine.