New sanctions affecting import from Russia to Ukraine
Dentons, Kyiv, Ukraine,
Tue, Jan 5, 2016
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
- Alcoholic beverages
- Diesel-electric locomotives
- Tram and railway equipment.
Dentons, Kyiv office
Т: +380 44 494 4774E: email@example.com