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Ukrainian, European Parliaments Ratify Ukraine-EU Association Deal

© RIA Novosti . Yevgeny Kotenko / Go to the mediabankThe Verkhovna Rada, Ukraine’s parliament, ratified its association agreement with the European Union
The Verkhovna Rada, Ukraine’s parliament, ratified its association agreement with the European Union - Sputnik International
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The parliaments of Ukraine and the European Union simultaneously ratified Ukraine's Association Agreement with the EU Tuesday.

MOSCOW, September 16 (RIA Novosti) - The parliaments of Ukraine and the European Union simultaneously ratified Ukraine's Association Agreement with the EU Tuesday.

The Verkhovna Rada approved the bill by 355 lawmakers with the required minimum of 226 “yes” votes.

The Ukrainian president signed the ratification deal immediately after and told the government to prepare implementation bill for the agreement by Wednesday.

The Ukraine–EU Association Agreement is a treaty that presupposes political and economic association between the parties.

The political provisions of the Association Agreement were signed back in March, after Ukrainian President Viktor Yanukovych was ousted and an interim government came to power.

Ukrainian President Petro Poroshenko signed the economic part of the agreement in June.

Last week, Russia, Ukraine and the European Union reached a crucial compromise on Kiev's free trade pact with the 28-member bloc postponing its entry into force until the end of 2015. The deal was agreed upon during a trilateral meeting in Brussels, which was held after Moscow expressed concerns that the implementation of the Association Agreement carries economic risks for Russia and Ukraine.

Moscow warned Kiev that Ukraine's signing of the free trade agreement with the European Union could trigger an uncontrolled flow of duty-free goods from Europe, forcing Russia to protect its market.

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