Russia to introduce economic sanctions against Ukraine
16:07, 30 October 2015

Russia to introduce economic sanctions against Ukraine

Level of tariff protection to be increased for Ukraine in response for enacting the EU-Ukraine Free Trade Area Agreement, the Prime Minister of Russia told

16:07, 30 October 2015

Russia from January 1, 2016 strengthens customs barriers and introduces economic sanctions against Ukraine, the Prime Minister of the Russian Federation Dmitry Medvedev announced about that via Facebook, Epravda reports.

Related: EU-Ukraine Association Agreement is not an instrument against Russia

"From January 1, 2016 will be increased the level of customs barriers and tariff protection in relation to Ukraine. It is connected with the decision of our neighbors to enact the Association Agreement with the EU. In addition, upon Ukraine as a country that joined to the anti-Russian sanctions, will be issued our appropriate economic counter measures," Medvedev said.

Related: Ukraine and EU are ready to implement free trade agreement

As it was reported before, the European Union’s Free Trade Area (FTA) Agreement with Ukraine will be enacted from January 1, 2016.

To the knowledge, in September 2014, under pressure of Russia, Ukraine and EU delayed signing FTA till 2016. For the moment, Moscow requires from Kyiv a new postponement. 

Related: Cyprus ratified EU-Ukraine Association Agreement

Related: Good bye blue sky of Russia's Transaero

Related: EU prohibits banking advice for sanctioned Russian companies

Related: Ukraine filed lawsuit against Russia in WTO

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