The Cabinet of Ministers of Ukraine (the CMU) has been vested with the authority to introduce special measures against aggressor states and/or occupier states in accordance with the amendments to the Law of Ukraine “On Foreign Economic Activity” (the Law) in effect since 1 January 2016. According to the Law the special measures may include:
- A total ban (embargo) on trade
- A partial ban (partial embargo) on trade
- Cancellation of the most-favored-nations regime or preferential special regime
- Imposing a special duty
- Licensing of foreign economic activities
- Establishing the quotes.
In accordance with the Law the CMU has issued Resolutions No. 1146 and No. 1147 dated 30 December 2015 on imposition of the special measures as follows:
- Since 2 January 2016 – introduction of a reduced import duty (most-favored-nations regime) on import of products originating from Russia. This measure will be effective until 31 December 2016 or until cancellation of previously introduced sanctions against Ukraine by Russia.
- Since 10 January 2016 – introduction of an embargo on the import of a variety of goods, originating from Russia (effective until 5 August 2016 or until cancellation by Russia of the restrictions on import of certain products originating from Ukraine). The list of such goods, in particular, include:
- Certain meat and fish products
- A variety of milk products
- Tea and coffee
- Confectionery
- Alcoholic beverages
- Pesticides
- Diesel-electric locomotives
- Tram and railway equipment.
Contact
Natalia Selyakova
Partner
Dentons, Kyiv office
Т: +380 44 494 4774
E: natalia.selyakova@dentons.com
