16:59 30.12.2015

Ukrainian government approves trade countermeasures against Russian embargo

2 min read
Ukrainian government approves trade countermeasures against Russian embargo

Ukraine's Cabinet of Ministers has adopted two resolutions to ban imports of Russian goods starting from January 10, 2016 and introduce importation duties from January 2, Ukrainian Deputy Economic Development and Trade Minister Nataliya Mykolska said.

"It was voted for in the version proposed by the Ministry of Economic Development," Mykolska told reporters on Wednesday.

The resolutions state that the countersanctions will be launched if Russia imposes a trade embargo, she said.

It was reported earlier that Ukraine's Ministry of Economic Development and Trade designed proposals in cooperation with other Ukrainian state agencies on the response sanctions that are to be imposed following the Russian actions. Specifically, the sanctions would include the introduction of a most favored nation entrance duty for Russian goods starting from January 2, 2016 and the ban on importation of some Russian goods, beginning January 10, 2016.

The ministry proposes to introduce an embargo on imports of certain Russian foods, and in particular, of meat, fish, a number of dairy products, all kinds of processed cheese, coffee, tea, food mixtures, pastry, rolls and breads, baby foods, pastas, sauces; taste improvers and spices, beer, spirits, vodka, dog food, and filtered cigarettes.

Aside from that, the proposed Ukrainian list of the embargoed products includes, unlike the Russian one, potassium chloride containing a portion of potassium, insecticides, fungicides, herbicides, chemicals to prevent sprouting and plant growth regulators, rodenticides, synthetic coatings for sausage-like products, equipment for railways or tramway tracks, and diesel-electric locomotives.

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