Business news from Ukraine

Business news from Ukraine

MINISTRY OF INFRASTRUCTURE OF UKRAINE: NEW EUROPEAN COMMISSION SANCTIONS CONTAIN TOOLS TO CIRCUMVENT THEM

10 April , 2022  

Sanctions imposed by the European Commission in response to aggression from Russia and Belarus allow these countries to continue trade with the European Union, the press service of the Ministry of Infrastructure of Ukraine reports.
The department points out that the order to leave the EU territory from April 16 for all trucks registered in Russia and Belarus contains many exceptions.
“In particular: natural gas and oil, including refined products, as well as titanium, aluminium, copper, nickel, palladium and iron ore; pharmaceutical, medical, agricultural and food products, including wheat and fertilizers; humanitarian cargo; separately provides for the possibility of making exceptions for Russian companies in the export and transfer of cultural property provided for temporary use,” the Ministry of Infrastructure comments.
The ministry called such sanctions inconsistent and reminded that due to the aggression of Russia and Belarus, not only the Ukrainian economy, but also the EU countries suffer.
“Currently, those goods that cannot be exported from Ukrainian ports will be delivered to the EU by road and rail. The costs of building new logistics routes will amount to billions … To receive these goods, EU member states must prepare their infrastructure for warehouses, customs points , the work of sanitary services,” explains MIU.
They also recalled that the introduction of the fifth package of sanctions by the European Commission took place against the backdrop of the massacres of civilian Ukrainians in Bucha and other cities, but the half-measures taken leave an opportunity for the EU to continue its usual business with the aggressor.
Infrastructure Minister Alexander Kubrakov, in turn, added that in this way the world repeats the mistakes of the twentieth century.
“I urge the world not to repeat the mistakes of the 20th century and instead of appeasing the aggressor, thinking about financial benefits, start fulfilling the promises made. This is the only way our common enemy loses,” he wrote on his Facebook page.