Russia is likely to penalize Ukrainian imports starting in January after European Union-brokered talks failed to find a compromise Tuesday, exactly a month before the launch of an EU-Ukraine free-trade pact that Russia opposes.
“It is a very probable scenario that there will not be an agreement before January 1 and the nonpreferential trade regime will be introduced,” Russian Economy Minister Alexei Ulyukayev told reporters after the talks in Brussels, saying that existing preferential treatment of Ukrainian imports would probably end.
After the latest negotiations, the three parties agreed to keep talking. But time is running out before Ukraine, Georgia, Moldova and …read more
Source: Voice of America
