Rather small size of the suggested bailout package amid the global economic crisis is the key reason why Ukraine halted plans to sign an association agreement and free-trade treaty with the European Union. European Parliament President Martin Schulz expressed the opinion that the most of international experts tend to believe. The senior official is certain that the EU bailout plan is unable to solve the domestic economic problems in Ukraine. The European policymaker has called on the Ukrainian government "to listen to its citizens and not beat them." Meanwhile, Kyiv does not face only financial and economic severities. Pressure from Russia’s side made its contribution as well. Indeed, affirming that it does not oppose the deal, the Kremlin used all possibilities to trigger off “a trade war”. Different political forces firmly maintained their own policy; no politician could predict what decision would be made by Ukraine’s President Viktor Yanukovych. So, considering the basic needs of the country, in particular gas supplies and the Russia-led customs union, the Russian proposal outweighed considerably as compared to the EU’s aid. The European Parliament President acknowledged that well-timed Russia’s support influenced Ukraine’s decision on choosing its partner. It should be reminded that on November 28-29, Eastern Partnership Summit took place in Vilnius where the formal EU – Ukraine accord was expected to be signed. However, Ukraine’s President suspended the deal and opted to keep on cooperation with Russia.
