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Ukraine stops free trade with Russia

Ukraine slaps Russia with countersanctions over unfriendly acts.

Ukraine stops free trade with Russia
Photo: kursk-izvestia.ru

As of 1 January 2016, Ukraine has cancelled trade preferences for goods exported by Russia. From now on they will be charged in line with the Customs Code of Ukraine, the press service of the Ukrainian government has said.

The measures are in response to Russia's decision to suspend the 18 October 2011 free trade agreement with Ukraine and to ban Ukrainian food imports.

As of 10 January, Ukraine will ban the import of Russian meat, fish, dairy, soft cheese, coffee, tea, grain, caramel, confectionery, chocolate, baby food, pasta, cookies, waffles, bread, chips, beer, spirit, vodka, pet food, filtered cigarettes, railway equipment, and diesel locomotives. The embargo is effective until 5 August 2016 or until Russia lifts its ban on Ukrainian farming products.

As reported earlier, last week President Petro Poroshenko signed the law authorizing the government to introduce countersanctions by banning Russian imports to Ukraine.