Russia banned the import of food products from Ukraine

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According to the announcement of the Economic Development Minister Alexei Ulyukayev, Russia banned the import of food products from Ukraine. The ban will come into force starting from January 1, 2016.

“Since Ukraine joined the sanctions against the Russian Federation – economic, financial – we have decided to impose safeguard measures in the form of food embargo,” – said Ulyukayev.

The Russian government has previously warned that the food embargo against Ukraine can be introduced following the agreement on association between Ukraine and the EU. This agreement will take effect from January 1, 2016.

Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius said that the Ukrainian economy will not suffer significant damage due to the embargo. According to him, the trade turnover with Russia is about 12.5 per cent of total Ukrainian trade.

Deputy Minister of Economic Development and Trade of Ukraine Natalia Mykolskiy noted that a significant part of Ukrainian products is already banned in Russia “by the decisions of sanitary and phytosanitary doctors and technical limitations.”

In 2014 Russia banned the import of food products from countries that have imposed sanctions against Russia over the Crimea annexation and the conflict in the Donbass. The embargo has led to a rise in prices for food products in Russia.

Source: meduza.io