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#26 - JRL 9116 - JRL Home
Ukraine says "no hope" for further development of CIS

KYIV. April 9 (Interfax) - Ukrainian Economics Minister Serhiy Teryokhyn said on Saturday that the Commonwealth of Independent States "is a system that has finished attaining all the objectives set to it" and that "there is no hope for its development."

Teryokhyn told a news conference that the Ukrainian government would soon consider stopping its financial contributions to CIS bodies.

The news conference was called to comment on the results of a meeting this week of the high-level group for forming what is called the Common Economic Space, a union to bring together Ukraine, Russia, Belarus and Kazakhstan.

Teryokhyn argued there was a chance that the Common Economic Space would be an effective alliance but only as regards its free trade zone aspect.