18:19 06.07.2016

Ukraine's cabinet extends response embargo on Russian goods until 2018

2 min read
Ukraine's cabinet extends response embargo on Russian goods until 2018

The Cabinet of Ministers of Ukraine in response to Russia's prolonging food embargo until the end of 2017, has extended the reciprocal measures for the same period of time.

The government approved a relevant proposal by the Economic Development Ministry at its meeting on Wednesday, so accepting the Economic Development and Trade Ministry's relevant proposal, an Interfax-Ukraine correspondent reported.

"Draft resolution that proposes to extend the ban on imports of goods from Russia to the customs territory of Ukraine approved by cabinet resolution No. 1147 of December 30, 2015 until December 31, 2017 is presented," Ukrainian Economic Development and Trade Minister Stepan Kubiv said, presenting the resolution.

He said that the draft resolution was drawn up by the National Security and Defense Council (NSDC) in response to the introduction of food embargo by Russia.

It was reported earlier that President Vladimir Putin on June 29 had extended a food embargo against the countries that had introduced sanctions against Russia until the end of 2017.

Russia has imposed an embargo on Ukrainian goods since January 1, 2016. The Ukrainian government endorsed retaliatory trade countermeasures and banned imports of Russian food and other products the aggregate value of which is equivalent to the value of Ukrainian imports banned by Russia.

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