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Russia Will Defend Economy Against EU Agreements, Peskov Says

Putin's spokesman Dmitry Peskov.

President Vladimir Putin's spokesman said that Russia will take measures to protect its economy if it suffers any negative impact from the agreements Georgia, Moldova and Ukraine signed with the EU on Friday, RIA Novosti reported.

"The concern is not in the documents, but in the possibility of their influence on our markets, and in the case of negative influence action will be taken," spokesman Dmitry Peskov said Friday, stressing that Georgia and Ukraine had a sovereign right to sign the agreements.

Shortly after, Deputy Foreign Minister Grigory Karasin said that Ukraine and Moldova will face "grave consequences" after signing a free-trade agreement with the European Union, Interfax reported.

"Signing such a serious document is, of course, the sovereign right of each state," Karasin added.

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