Ukraine intends to introduce retaliatory trade and transit sanctions against the Russian Federation after Russian President Vladimir Putin issued a new order regarding restrictions for transit of Ukrainian goods via Russia, First Deputy Prime Minister of Ukraine Stepan Kubiv said at a meeting of the parliamentary coordination board on Monday.

"First we will impose retaliatory sanctions against Russia's actions regarding Ukrainian goods and transit to other countries. This is the absolutely clear position that meets international law, WTO and the EU. Secondly, we will increase the customs duty on Russian goods imported to Ukraine tit for tat. Everything will take effect when the president's decree takes effect," he said.