empty
 
 
Ukraine to impose retaliatory food embargo on Russia
27-11-2015 16:36
Ukraine to impose retaliatory food embargo on Russia
Ukraine to impose retaliatory food embargo on Russia

Ukraine’s Prime Minister Arseny Yatsenyuk stated that Kiev would take retaliatory measures in case Russia imposes a food embargo against Ukraine, TASS reported. The economy ministry, finance ministry, state fiscal agency, ministry of internal affairs, and frontier service have been assigned responsibility for implementing this directive. "I want to make it clear that Russia’s threats of food embargo on Ukrainian goods from January 1 will be followed by a similar mirror-like response from Ukraine’s authorities," the prime minister said. On November 18, Russia’s Economic Development Minister Aleksey Ulyukayev said that the Kremlin decided to slap a ban on food imports from Ukraine from January 1, 2016. The decision was made as Ukraine entered the free trade agreement with the European Union. Therefore, the Kremlin will not keep zero customs tariffs with Ukraine. Besides, Russia’s embargo on food imports from the EU, US, Canada, and Australia will be also valid for Ukraine. According to flash estimates, Ukraine’s economy will lack nearly $600 million in 2016 of exports to Russia. Ukraine’s premier termed Moscow’s actions “economic aggression”.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback