Unified Economic Territory summit begins in Yalta

The summit for members of the Unified Economic Territory (UET), in which the presidents of Russia, Ukraine, Belarus and Kazakhstan are participating, opened yesterday in Yalta. As reported by the administration of the President of Ukraine to a Rosbalt correspondent, summit participants are scheduled to decide on deadlines for preparing the fundamental documents for forming the UET.

In addition, the President of Ukraine, Leonid Kuchma, intends to raise the question of how to create a free-trade zone between the EUT members without limits or borders. The members will also discuss possibilities of producing AN-70 airplanes and a joint venture producing fuel for atomic stations.

Furthermore, according to analysts' prognoses, Ukraine will press for Russia's elimination of taxes on oil and gas, and removal of barriers in tobacco, alcohol, and sugar trade.