Ukraine conceded defeat in the “key trade dispute” with Russia

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www.vsyako.netPhoto: Sergei grits / AP

Ukraine will appeal against the decision of the court of arbitration of the world trade organization (WTO) on the transit of Ukrainian goods through Russia. It is reported TASS with reference to the press service of the Ukrainian Ministry of economic development and trade.

It is noted that such position is based on the conclusion of the interdepartmental group on availability the report the number of significant provisions positive for the trade interests of Kiev and the international community.

The Department also indicated that the WTO ruling is favorable to Ukraine “in the medium and long term.” The Ukrainian side also believes that it allows Kiev, if necessary, to impose sanctions against Moscow.

Informed the panel of the WTO upheld the position of Russia in a dispute with Ukraine on transit of Ukrainian goods through Russian territory to third countries. Russia in 2016, banned the transit of Ukrainian goods in response to the beginning of the free trade area (FTA) between Ukraine and the European Union.

In July 2018, Russia won just two of a trade dispute with Ukraine. Arbitration satisfied a need for protectionist duties on the part of Moscow on the supply of ammonium nitrate, and later recognized the need for a ban on the certification of Ukrainian railway products.

Video, photo All from Russia.

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