16:49 11.07.2016

Ukraine's govt announces decision on counter-embargo on Russian goods

1 min read
Ukraine's govt announces decision on counter-embargo on Russian goods

The Ukrainian government in retaliation to Russia's prolongation of the food embargo until the end of 2017 has extended the validity of Ukrainian counter-sanctions for the same period of time.

"In point one the words and figures 'until August 5, 2016' will be replaced with the words and figures 'until August 31, 2017 (inclusively)'," the Cabinet of Ministers said in a resolution as of July 6, which has made some changes in the resolution of December 30, 2015 introducing the ban on the importation of a number of Russian goods until August 5.

Under the document, the resolution to extend the counter-sanctions will go into force from the day of its publication.

As was reported, on June 29 Russian President Vladimir Putin extended the validity of food embargo until the end of 2017, regarding the countries which had imposed sanctions against Russia.

The Russian embargo on Ukrainian goods has been valid since January 1, 2016. In retaliation, the Ukrainian government at the beginning of this year adopted trade countermeasures, and banned the supplies of Russian food products, as well as a number of other goods, and their aggregate import value corresponds to the Ukrainian export value banned by Russia.

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