Suspending the Treaty on free trade zone with Ukraine, Russia will be able to avoid damage to its economy, in particular, from tariff liberalization under the agreement on Association of Ukraine with the EU, said Sergey Naryshkin.
MOSCOW, 21 Dec. A bill to suspend 2016 the agreement on free trade with Ukraine is a step in protection of economic interests of the Russian Federation, said on Monday speaker of the state Duma Sergey Naryshkin.
The Russian President Vladimir Putin on Wednesday signed a decree on suspending the Russian Federation from January 1 of the Treaty on the free trade zone of the CIS in Ukraine. The state Duma on Tuesday will consider the bill in the first reading and in General, reported earlier the head of Committee on CIS Affairs Leonid Slutsky. The state Duma Committee on CIS Affairs recommended the bill for adoption.
“The ratification of the bill of suspension from January 1, 2016 Russia of the Treaty on free trade in Ukraine. This act we accept the economic part of the Association agreement between Ukraine and the EU. From our side it is a step towards protecting our economic interests,” Naryshkin said to journalists.
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 Treaty on ZTS.
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 CCTV in relation to Ukraine the document says.