Poroshenko signs decree on trade embargo against Russia

Source : 112 Ukraine

The Cabinet now can ban import goods from this country
20:27, 29 December 2015

President of Ukraine Petro Poroshenko signed a decree on embargo of Russian goods. That lets the government introduce economic countermeasures to the Kremlin’s recent discriminating actions, says the message at the website of the Ukrainian Parliament.

On its session December 24, the Parliament empowered the Cabinet to introduce the trade embargo against Russia since January 1, 2016. The respective draft law No. 3704 was supported by 291 MPs (226 necessary). The document was submitted to the Parliament by Prime Minister Arseniy Yatseniuk.

As the explanatory note goes, the trade embargo introduced by Russia against Ukraine and the simultaneous suspension of the free trade area agreement with Ukraine “may yet in the near future create a threat to Ukraine’s national interests and economic safety; it also shows signs of discriminatory actions against Ukraine in the trade area”.   

When submitting the draft law in the Parliament, Yatseniuk explained that in case of the approval, on January 1 the Cabinet will introduce the economic countermeasures against the Russian Federation.

December 21, Russian Premier Dmitry Medvedev signed the decree that put Ukraine on the list of the countries that are under Russian trade embargo. Medvedev noted that the embargo on Ukrainian goods will come into force on January 1, 2016. 

Related: Russia imposed embargo for Ukrainian products

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