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Merkel: EU Free Trade with Ukraine will not Harm Russia

The Free Trade Agreement between Ukraine and Germany are not directed against Russia, German Chancellor Angela Merkel said on Friday. Germany wants to continue to build economic relations with Ukraine and Russia, assured the Chancellor, speaking in the German-Ukrainian economic conference in Berlin, BBC reports.

"We want Ukraine to have good economic relations with the European Union, with Germany, but at the same time with Russia," Chancellor said.

According to Merkel, the availability of relatively cheap and skilled labor makes Ukraine attractive for foreign investment.

The Ukrainian Prime Minister Arseniy Yatsenyuk, also speaking at the conference, said that in recent months the economic situation in the country began to improve, but added that for reforms Ukraine needs EU’s help.

Merkel and Yatsenyuk signed an agreement on the establishment of the German-Ukrainian Chamber of Commerce.

 

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