Latest News

European Commission says Ukraine is ready to start process of joining

The European Union’s legislative body has recommended that formal accession talks between the bloc and Ukraine should begin next year, a significant milestone in Ukraine’s move toward closer integration with the West.

On Wednesday, European Commission President Ursula von der Leyen said: “Today is a historic day, because today the Commission recommends that the council opens accession negotiations with Ukraine and with Moldova.”

Von der Leyen was speaking on the same day that the Commission published a report suggesting to EU member states that accession talks should finally start, nearly 18 months since the bloc accepted Ukraine as a candidate state. The same report suggests that accession talks with Moldova should also begin.

Ukraine has held ambitions to join the EU for more than a decade. In late 2013, then-President Viktor Yanukovych’s decision to scrap a trade deal with the European Union and instead turn toward Russia sparked street protests and his eventual ouster, followed in March 2014 by Russia’s illegal annexation of Crimea. The aim of joining the bloc – along with NATO – has formally been part of Ukraine’s constitution since 2019.

Ukrainian President Volodymyr Zelensky applied for EU membership in February 2022, shortly before Russia invaded his country.

While the decision to open negotiations with Ukraine is an important step on Zelensky’s path to EU membership, talks will not begin until a set of conditions have been met. With Ukraine currently at war, it is unclear and unlikely that those conditions will be met any time soon.

This post appeared first on cnn.com

You May Also Like

Stock

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

Investing

ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

Editor's Pick

California Gov. Gavin Newsom announced Sunday that he was appointing Emily’s List President Laphonza Butler as the replacement to former senator Dianne Feinstein (D-Calif.),...

Editor's Pick

JERUSALEM — Iran launched a massive attack of more than 300 missiles and drones toward Israel late Saturday, a stunning assault that put the...

Disclaimer: investmentintellecthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 InvestmentIntellectHub.com