General Discussion
In reply to the discussion: A Chronology of the Ukrainian Coup [View all]dipsydoodle
(42,239 posts)The point at which the late November 2013 talks between Yanukoyvch and the EU , to discuss the trade agreement , collapsed was when the EU offered c. $1 billion despite the fact they were already aware Ukraine needed at least eight billion to get them through to summer 2014.
Special Report - Why Ukraine spurned the EU and embraced Russia
Yanukovich estimated that he needed $160 billion over three years to make up for the trade Ukraine stood to lose with Russia, and to help cushion the pain from reforms the EU was demanding. The EU refused to give such a sum, which it said was exaggerated and unjustified.
The EU offered 610 million euros ($839 million) immediately. EU officials said increased trade, combined with various aid and financing programmes, might go some way to providing Kiev with the investment it needed.
http://uk.reuters.com/article/2013/12/19/uk-ukraine-russia-deal-idUKBRE9BI0E320131219
Increased trade ? Yes - exports to Ukraine but the EU gave no commitments as to how much they would import from Ukraine.