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Yatseniuk: Ukraine needs cheaper and faster route to China by-passing Russia
17:16, 2 February 2016
Yatseniuk: Ukraine needs cheaper and faster route to China by-passing Russia

The Premier charged the Infrastructure Ministry to complete negotiations with China and transit countries on the issue

17:16, 2 February 2016

EUobserver

Ukraine seeks ways to make the train route to China cheaper and faster, which would allow to save time and money for successful trade between Kyiv and Beijing. Prime Minister Arseniy Yatseniuk reiterated that the route goes through the territory of Georgia, Azerbaijan and Kazakhstan, bypassing Russia, which recently introduced severe trade restrictions against Ukraine.  

The Ukrainian official said that launching the test train from Ukraine to China on this route was a big success. “We need to continue cooperation with our partners so that the route is used regularly. We manage to provide our own independent economic policy”, the Head of the government said, adding that the next round of the negotiations will take place in Astana in late February.

The freight train from Ukraine to China by the mentioned route departed on January 15 and reached the Chinese border on January 31. The route that bypasses Russia was developed and launched as a response to Russia’s actions that prohibited transit of Ukrainian products on its territory.

In December 205, Russian President Putin signed the decree, which comes into force on January 1, 2016. The document claims that the FTA agreement is suspended due to “extraordinary circumstances, concerning national interests and economic safety of the Russian Federation”. Russia also introduced the food embargo against Ukraine.

Related: 6 Ukrainian dairy companies export products to China

Related: China connects Russian and Ukrainian economies

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