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Ukraine vows retaliatory measures to Russian food embargo

Xinhua, November 24, 2015 Adjust font size:

Ukrainian Prime Minister Arseny Yatsenyuk said here Monday that Kiev would take retaliatory measures should Russia impose a ban on Ukrainian food products.

"The Russian threats on imposing an embargo on Ukrainian goods from Jan. 1 will be followed by a similar, mirrored response from the Ukrainian authorities," Yatsenyuk told a cabinet meeting.

He added that in future, Kiev is going to respond in the same manner to every Russia's decision to impose an embargo against Ukraine.

Last week, Russia said it would slap a ban on food imports from Ukraine starting from Jan. 1, 2016, when the economic part of Kiev's European Association Agreement comes into force.

"Since Ukraine joined economic and financial sanctions against the Russian Federation, we have decided to introduce protective measures by imposing a food embargo," said Russia's Economic Development Minister Aleksey Ulyukaev.

In August, Moscow also warned that it may impose an embargo on Ukrainian food to protect the Russia's market from the illegal supply of banned European Union products that will became available in Ukraine once the free trade agreement between Ukraine and the 28-member bloc comes into force.

The Ukrainian government has estimated potential losses for the country's economy from the Russian food embargo at about 600 million U.S. dollars per year. Endit