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November 21, 2013 AT 6:52 AM
The Ukrainian government announced it was suspending preparations for a landmark trade pact with the European Union on Thursday and said it would renew active dialogue with Russia to help its economy. A dramatic diplomatic turnaround, the government order came just eight days before President Viktor Yanukovich was due to sign an agreement on trade and cooperation with the EU which would mark a pivotal shift westwards for the ex-Soviet republic's 46 million people, away from historic ally Moscow. Ukraine has been concerned that a punitive Russian trade response could hurt its economy.