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Changes in trade regime with Ukraine, Moldova may entail new risks for Russian economy

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Russian, Kazakh and Belarusian leaders sign treaty on creation of Eurasian Economic Union

MOSCOW, May 29. /ITAR-TASS/. Russian Prime Minister Dmitry Medvedev does not exclude new risks for Russia’s economic development that stem from changes in the trade regimes with Ukraine and Moldova.

“In the next few years, we will have to work in conditions of instability and deteriorating situation on a number of markets. It cannot be ruled out that changes in the trade regime with some countries of the Commonwealth of Independent States (CIS), for instance with Ukraine and Moldova, may entail new risks,” Medvedev said at a government meeting on Thursday, adding that another problem was linked with sanctions against a number of Russian companies.

These factors, according to Medvedev, could have a negative impact on trade. “On the other hand, we must work within the existing Customs Union and the Eurasian Economic Union,” he noted.

The treaty on Eurasian Economic Union determines the vector of development for years to come, Medvedev stressed.

"An event of great importance has taken place today. The treaty on Eurasian Economic Union has been signed, which will certainly determine the vector of development for the years to come," Medvedev said.

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Ukraine Dmitry Medvedev CIS Trade Moldova Eurasian Economic Union

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