EU calls Russia not to impose food embargo on UkraineStaff writer ▼ | November 16, 2015
The European Union has asked Moscow not to ban Ukrainian goods after January 1, 2016, when the economic part of Kiev’s Association Agreement comes into force.
Trade talks Russia says it does not think about sanctions
Ukrainian industry has estimated the losses from a Russian embargo on its products could be $140-205 million.
Russian Prime Minister Dmitry Medvedev insists the Kremlin plans introduction of customs tariffs, not sanctions against Ukraine. The tariffs will be introduced because Ukraine will no longer be part of the Commonwealth of Independent States (CIS) free trade zone.
Moscow is also concerned that without such a barrier, Kiev could illegally supply embargoed European goods to Russia.
"We’re not talking about sanctions, which our partners imposed against Russia. But such a trade environment, of course, would have very serious economic consequences for Ukraine," said Medvedev. ■