Ukrainian Politics, Economics

 Ukraine severs economic ties with Russia, PM Hroisman says

At its next meeting on March 21, the Cabinet of Ministers of Ukraine intends to sever a program for economic cooperation with the Russian Federation launched in 2011.

Ukraine's Prime Minister Volodymyr Hroisman said speaking on air of 112 Ukraine TV channel, Censor.NET reports.

"We are working to redirect our economy to cut the ties Russia has constantly imposed on us, binding us as a raw material supplement to its economy. I've given such an instruction. We are now drafting a government resolution. I think we will pass it Wednesday to sever the economic cooperation program launched in 2011. We are going to make every effort for Russia to pay a high price for its aggression against Ukraine," the PM said.

Hroisman added that unlike Russia, Ukraine would only benefit from such decisions.

As noted by UNIAN, the Ukraine-Russia economic cooperation program for 2011-2020 was developed in pursuance of decision made by the then presidents of Russia and Ukraine, Dmitry Medvedev and Viktor Yanukovych on May 17, 2010.

The document determines the recovery of reputational losses after Ukraine-Russia gas transit disputes in 2006-2009 as the most important task, along with the abolition of mutual trade restrictions. Simultaneously with military aggression against Ukraine in 2014, the Russian Federation unleashed a trade and economic war, imposing an embargo on a number of sensitive Ukrainian export-oriented staples. Ukraine introduced retaliatory measures. Since 2014, Russia's share in Ukrainian exports has shrunk to 9 percent from almost 30 percent.

Источник: https://censor.net.ua/en/n3055973