The MAYOR: the damage for Russia from the Association of the EU and Ukraine is estimated at $3.5 billion

The MAYOR: the damage for Russia from the Association of the EU and Ukraine is estimated at $3.5 billion


Such losses of Russian entrepreneurs is predicted in case if Russia did not react to the launch of the FTA between the EU and Ukraine, said first Deputy Minister of economic development Alexey Likhachev.

MOSCOW, 22 Dec. Damage to the entrepreneurs of the Russian Federation of associations of the EU and Ukraine in the short term could reach $ 3.5 billion if Russia did not react to the launch of the FTA, said the first Deputy Minister of economic development Alexey Likhachev.

Of the Russian Federation from 1 January to protect its market for Ukraine introduces customs duties — by the decree of Russian President Vladimir Putin suspended the Treaty on the free trade zone of the CIS in Ukraine. In addition, introduced a grocery embargo for countries that supported sanctions against Russia.

“Overall, the analysis of the damage to the Russian economy, based on international recognized model Global Trade Analysis showed that in the short term only on tariff liberalization, the damage will amount to more than $ 3.5 billion for Russian entrepreneurs”, — said Likhachev, speaking in the state Duma.

“I would like to emphasize that 3.5 billion is talking about the projected losses of the Russian business circles, entrepreneurs if we do not in any way reacted to the launch of the FTA between the EU and Ukraine”, — he explained later, answering questions of deputies.