Russia warn of 'grave consequences' for Ukraine

Ukraine faces "grave consequences" from Russia for its decision to sign a trade agreement with the European Union, the deputy foreign ministry has warned.

Grigory Karasin's comments after Ukraine's president Petro Poroshenko agreed a three-year deal with the EU.

Kremlin spokesman Dmitry Peskov said Russia would take measures to protect its economy if it was negatively affected by Ukraine, Georgia and Moldova's agreements.

Read: Ukraine 'paid high price to realise European dreams'

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Ukraine's Poroshenko signs EU free trade agreement

Ukraine's president has signed a free-trade and political cooperation agreement with the European Union, signalling an historic split with Russia.