The Verkhovna Rada of Ukraine has
approved amendments to the Law of Ukraine "On Foreign Economic
Activities" (as to providing the Government with the right to apply
appropriate economic measures against the state-aggressor) № 898-VIII, which enables
the Cabinet of Ministers to introduce analogous restrictive measures against the Russian Federation in case of imposing an embargo on
Ukrainian products by Russia.
This bill has
been supported by 291 MPs.
bill at Parliament, Prime Minister of Ukraine Arseniy
Yatsenyuk said that the Russian Federation for a long
time "tried and keeps trying to fight Ukraine down not only by using military,
financial measures, but also by economic pressure and economic impact":
"The main goal of the Russian Federation was to
prevent a free trade area between Ukraine and the European Union from coming
He recalled that
during the current year the Ukrainian side had been holding dozens of
consultations in Brussels together with European partners and invited relevant representatives
of Russia to discuss the implementation of the agreement on a free trade area,
"I can clearly state that the Russia’s purpose was not to resolve economic
issues, but to impede the entry into force of the FTA agreement,
well as to deprive the Ukrainian people of their right to receive a visa-free
regime," emphasised Arseniy
In response to the
continued consultations, the Prime Minister stressed, "Russia, as
expected, has introduced a trade embargo on Ukrainian products, which will take
effect from January 1 next year": "This is not the first decision of
the Russian Federation, but the ongoing pressure of Russia on Ukraine over the
last decade in
order to disable the Ukrainian economy from developing and continue pressure on
Ukraine by all possible means."
Ukrainian side gave and will give an appropriate response to these Russian decisions,"
Arseniy Yatsenyuk reminded that, in the last three years, Ukraine "reduced
three times its dependence on Russia": "If three years ago the volume
of exports from Ukraine to Russia amounted about 35%, today we have reduced
dependence on the Russian market three times, and it makes up only 12 %."
The Cabinet of
Ministers of Ukraine appealed to the MPs of Ukraine to adopt amendments to the
law on foreign trade. The
adoption of these changes will enable the Cabinet of Ministers of Ukraine to introduce
analogous restrictive measures against the Russian Federation on January 1 next
"We will be protecting
Ukraine’s domestic market," pointed out Arseniy Yatsenyuk.
Minister of Ukraine also underlined that Russia just announced its secession from
a free trade zone, "Moreover, this statement is illegal, it does not meet
international treaties. Neither Kazakhstan,
nor Belarus did make such a statement. That
is why Russia will get a response from the Ukrainian Government in the form of
a trade embargo and mirror sanctions against Russian products."
Arseniy Yatsenyuk recalled that the Government of Ukraine had
submitted to Parliament the law on sanctions and following its adoption Ukraine
would get a mechanism for application of sanctions for the first time in its
September, the Cabinet of Ministers approved a list of sectoral
and individual sanctions against Russia. The
decision of the National Security and Defense Council and the decree of the
President of Ukraine introduced sectoral and
individual sanctions against some Russian companies and individuals.
He also reminded
that the Government of Ukraine had filed several lawsuits to the European Court
of Human Rights against the Russian Federation for the illegal annexation of Crimea.
illegal annexation of Crimea was condemned by the resolution of the United
also filed lawsuits against the Russian Federation for causing damages. In
particular, Naftogaz Ukrainy
filed two lawsuits to the Stockholm arbitration court – concerning the gas
contract and the contract for the transit of natural gas through Ukraine.
"We have actually
said no to Russian gas monopoly in Ukraine," stressed Arseniy
closed its air space for all the Russian airlines,
Ukraine filed a lawsuit to the WTO against the Russian Federation. Ukraine
has also sued Russia in the UN International Court for a breach of the Convention
on the fight against terrorism. And
this is only a shred of what this Government has made in order to protect
Ukraine," Arseniy Yatsenyuk