Arab Today, arab today russian food ban would cost ukraine 600m 2016
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

Prime Minister Arseniy Yatsenyuk:

Russian food ban would cost Ukraine $600m 2016

Arab Today, arab today

Arab Today, arab today Russian food ban would cost Ukraine $600m 2016

Ukrainian Prime Minister Arseniy Yatsenyuk
Kiev - Arab Today

Ukraine said Wednesday it expects to lose some $600 million next year as a result of a food trade ban which Russia has threatened to introduce from January 1st.
Speaking at a government meeting, Ukrainian Prime Minister Arseniy Yatsenyuk said he expected a free trade agreement between his country and the European Union to enter force from January 1, 2016.

"We are also getting ready for Russia to introduce trade limits against Ukraine," Yatsenyuk said, estimating that the food ban would cost the conflict-torn ex-Soviet country some $600 million next year.

Russia has bitterly opposed the landmark EU-Ukraine trade deal at the heart of the Ukraine crisis, saying it would damage its own economic ties and interests in the former Soviet state.

Moscow has said it will introduce a blanket ban on food supplies from Ukraine if Kiev goes ahead with the deal, and Russia's Economy Minister Alexei Ulyukayev reiterated that threat earlier Wednesday.

"It is highly likely that we will have to unilaterally protect our market from the uncontrolled access of goods via Ukraine's customs territory, from goods from third countries, first and foremost EU countries," Ulyukayev said in an interview on national television.

He added that Moscow would introduce the ban against Ukraine as a retaliatory step because Kiev joined the West in slapping sanctions against Russia.

Russia has already introduced a ban against most Western food imports.

But the Ukrainian authorities put on a brave face, saying that over the past few years Ukraine has significantly cut its dependence on Russian markets.

"If three years ago such dependence was on average 35 percent, then today it is 12.5 percent," Yatsenyuk said.

More than 8,000 people have been killed since pro-Russian insurgents took up arms against Ukraine's pro-Western government last year following the ouster of a Kremlin-backed president in the capital Kiev.

In early September, the European Union extended sanctions against Ukrainian and Russian figures accused of backing pro-Moscow rebels.

Later that month, Ukraine expanded a list of sanctions against 90 Russian companies and 400 individuals.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russian food ban would cost ukraine 600m 2016 Arab Today, arab today russian food ban would cost ukraine 600m 2016

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russian food ban would cost ukraine 600m 2016 Arab Today, arab today russian food ban would cost ukraine 600m 2016

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday