Trade policy under new president

There are rumors in the press (link in Russian) that our new president, Yanukovich, plans to join the Customs Union with Russian, Belarus, and Kazakhstan and gives it a high priority. In this paper, I argue that any integration is better than the status quo of being lost between EU and Russia. However, deeper integration with other CIS countries will slow down Ukrainian perspectives to join free trade agreement with EU which would be  much more attractive for Ukraine.