Ukrainian Politics, Economics

 Cabinet terminates program for economic cooperation with Russia

Ukraine’s Cabinet of Ministers has terminated the program for economic cooperation with the Russian Federation for 2011-2020.

This was announced by Prime Minister of Ukraine Volodymyr Hroisman at today's Cabinet meeting, Censor.NET reports.

In particular, the Cabinet terminated the relevant document and instructed the Foreign Ministry to inform the government of the Russian Federation in the prescribed procedure.

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/n3056866