The bill was submitted for consideration the lower chamber by the Russian President Vladimir Putin. The document is expected to be passed by deputies on Tuesday in the first reading.
MOSCOW, 22 Dec. The state Duma on Tuesday will consider a bill to suspend 2016 the agreement on the free trade area (FTA) with Ukraine.
The document was submitted for consideration the lower chamber by the Russian President Vladimir Putin. The profile state Duma Committee on CIS Affairs recommended the bill for adoption. It is expected that the bill on Tuesday adopted in the first reading in General.
The agreement on free trade zone was signed by States-participants of CIS on 18 October 2011.
As stated in the explanatory note to the bill, in connection with the application from 1 January 2016 the trade and economic section of the Association agreement between Ukraine and the European Union has been a fundamental change of circumstances which were significant for Russia at the conclusion of the FTA.
It is noted that to date Ukraine is designed and executed more than 50 normative acts on the implementation of the rules and regulations of the European Union in the spheres of technical regulation, phytosanitary and veterinary measures, simplified customs administration and customs control, passed by the legislative decisions that are the basis for institutional reform, aimed at full-scale Association with the EU.
“Tariff liberalization envisaged by the Association agreement between Ukraine and EU, will cause significant damage to the Russian economy. In addition, the obligations of Ukraine on trade and economic section of the agreement in conflict with Ukraine’s obligations named in the contract, which provides for, along with duty-free trade commitments on a range of multilateral and bilateral agreements within the CIS”, — reported in the accompanying documents.
This situation makes necessary the adoption of urgent measures to suspend the Russian Federation of the Treaty on the FTA in respect of Ukraine, the document says.
According to the speaker of the state Duma Sergei Naryshkin, the law is “a step towards protecting our economic interests”.