11:02 04.01.2016

Retaliatory measures against Russia in trade with Ukraine effective from Jan 2

2 min read
Retaliatory measures against Russia in trade with Ukraine effective from Jan 2

Beneficial import duty rates outlined in the Customs Tariff of Ukraine are applied to all goods of Russian origin from January 2, 2016, and the preferential regime for Russia (free trade) is revoked, the Cabinet of Ministers of Ukraine said on its website.

The measures are introduced for one year under cabinet resolution No. 1146 of December 30, 2015 passed to protect the economic interests and security of Ukraine, restore violated rights, freedoms and the legal interests of Ukrainian citizens, society and the state caused by actions of the aggressor state – Russia - that restrict the realization of the legal rights and interests of Ukrainian foreign economic entities and in response to the suspension of the free trade area (FTA) agreement of October 18, 2011 for Ukraine by Russia, the government said.

According to the resolution, the document will become void on December 31, 2016 or when Russia stops violating the FTA agreement of October 18, 2011.

Deputy Economic Minister, Trade Representative of Ukraine Natalia Mykolska said that the government will protect the interests of Ukraine and Ukrainian goods producers on the foreign and domestic markets.– cabinet

KYIV. Jan 4 (Interfax-Ukraine) – Beneficial import duty rates outlined in the Customs Tariff of Ukraine are applied to all goods of Russian origin from January 2, 2016, and the preferential regime for Russia (free trade) is revoked, the Cabinet of Ministers of Ukraine said on its website.

The measures are introduced for one year under cabinet resolution No. 1146 of December 30, 2015 passed to protect the economic interests and security of Ukraine, restore violated rights, freedoms and the legal interests of Ukrainian citizens, society and the state caused by actions of the aggressor state – Russia - that restrict the realization of the legal rights and interests of Ukrainian foreign economic entities and in response to the suspension of the free trade area (FTA) agreement of October 18, 2011 for Ukraine by Russia, the government said.

According to the resolution, the document will become void on December 31, 2016 or when Russia stops violating the FTA agreement of October 18, 2011.

Deputy Economic Minister, Trade Representative of Ukraine Natalia Mykolska said that the government will protect the interests of Ukraine and Ukrainian goods producers on the foreign and domestic markets.

AD
AD
AD
AD
AD