Business news from Ukraine

Business news from Ukraine

EC PREPARING NEXT WAVE OF SANCTIONS RUSSIAN FEDERATION

The EU is preparing the next wave of sanctions against the Russian Federation, President of the European Commission Ursula von der Leyen has said.
“We can never match the sacrifice of the Ukrainian people, never can we match that, but we are mobilizing our economic power to make Putin pay a very, very heavy price. We have as you said imposed five waves of unprecedented sanctions against Russia and we are already preparing the next wave,” von der Leyen said at a press conference with Ukrainian President Volodymyr Zelensky in Kyiv on Friday.

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UKRAINE EXPANDS LIST OF BANNED GOODS FROM RUSSIAN FEDERATION

The Cabinet of Ministers of Ukraine has expanded a list of goods from the Russian Federation on which embargo is imposed from July 1, 2019, including raw materials for cement (clinkers) and all kinds of ready cement, mineral (nitrogenous, potassium, phosphorous) fertilizers, foodstuff for animals and veterinary medicines.
The document adopted on May 15, 2019, which was posted on the government’s website, also includes matches, plywood products, wallpaper, light industry products, in particular some types of knitwear and footwear, carbon steel wires, metal wires, pipes, tubes, metal nets, fasteners, steel utensils, equipment for the production of bakery products, and vehicles (cars, motorcycles, tractors, etc.).
In addition, ban on import of used railway cars and trams will be imposed from March 1, 2020.

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