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EU not to compensate Ukraine's losses of the Russian market
18:39, 19 November 2015
EU not to compensate Ukraine's losses of the Russian market

Ukraine had plenty of time to get prepared for Russian reaction on EU-Ukraine free trade agreement

18:39, 19 November 2015

gazprom.ru

The European Union will not compensate for the Ukraine's loss of the Russian market after launching the free trade zone between Ukraine and the EU (January 1, 2016) said Johannes Hahn, European Commissioner for European Neighbourhood Policy and Enlargement Negotiations.

"Сertainly, we always stand against any actions that impede trade. But we had allocated a lot of money to Ukrainian business to prepare it for new export opportunities and new market conditions," said Johannes Hahn in his interview with Eurointegration.

"Let us speak frankly - from the very first time of our agreement on the FTA, it was no secret that the Russian Federation might act in response, whether we like it or not," said the Commissioner, adding that Ukraine had plenty of time to get prepared.

"Yes, it's a difficult task [implementation of FTA], but it is not only about exports to the EU. European standards are usually the international standards. Once you get the conformity to European standards, you will have the technical readiness to export all over the world," noted Johannes Hahn. "You have to use this opportunity, because this is a chance to make progress, to carry out reforms that are painful, but give the positive effect," he highlighted.

Related: European Commissioner Malmström: EU to continue supporting Ukraine

Recalling, Commissioner Cecilia Malmström previously stated that the EU expects that Russia will refrain from applying new sanctions against Ukraine.

Related: Russia to launch food embargo against Ukraine

Related: In Russia food shortages are not expected

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