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Ukraine hoping for new trade preference with EU as trade with Russia dwindling

According to Ukraine’s deputy PM, the country had exhausted the quotas for certain products in trade with the EU and that is why the Ukrainian government was intensely interested in their increase

© ITAR-TASS/Mikhail Pochuyev

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KIEV, April 26. /TASS/. Ukraine hopes to get new trade preferences from the EU in the wake of a loss of trade and commodity turnover with Russia, Ivanna Klympush-Tsintsadze, Ukraine’s deputy prime minister in charge of European and Euroatlantic integration told ICTV channel on Tuesday.

"We hope that, proceeding from the fact of our problems with Russia, there will be trade liberalization and the quotas for zero customs fees will embrace certain manufactured commodities," she said.

Klympush-Tsintsadze admitted that Ukraine had exhausted the quotas for certain products in trade with the EU and that is why the Ukrainian government was intensely interested in their increase.

She said Ukraine was holding knotty talks with the EU and no one was awaiting the Ukrainians there with a wide-open embrace.

The current task for the government is to tap compensational mechanisms to make for the loss of the Russian market not only through trade with the EU but also with other countries.

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Ukraine crisis Ukraine EU Trade Trade & Cooperation

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