The Treaty on free trade zone with Ukraine is suspended due to the fact that from 1 January 2016 starts to work the trade and economic section of the Association agreement between Ukraine and the European Union.
MOSCOW, 30 Dec. The President of Russia Vladimir Putin signed the law on the suspension of the Treaty on free trade zone (FTZ) in Ukraine, making an exception in terms of customs duties for export of gas. Relevant documents are available on the official portal of legal information on Wednesday.
The agreement on free trade zone was signed by States-participants of CIS on 18 October 2011. However, 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 agreement within the CIS.
As a consequence, the Russian President earlier signed a decree on suspension of the FTA in respect of Ukraine, initiated the adoption of the relevant law and signed it. At the same time Putin issued a decree which suspended the action of these two documents concerning the customs duties for export of gas.
“The Ministry of foreign Affairs of the Russian Federation sent to the Depositary and the parties to the Treaty… notice of partial resumption of his actions against Ukraine”, — stated in the text of the decree.