The Cabinet of Ministers of Ukraine sealed a resolution banning the export of goods from Ukraine to Russia.
As the press service of the Ministry of Economy of Ukraine informs, the government approved the resolution “On banning the export of goods from Ukraine to the customs territory of the Russian Federation” at a meeting on September 27. The resolution will be in effect until the day of the termination or lifting of martial law and the end of unfriendly actions of the Russian Federation against Ukraine.
“We continue to press for sanctions against the Russian Federation. This resolution is one of the many means of economic influence. We understand that sanctions are a tool not only to respond to a military threat, but also to prevent future aggression. I want them to emphasize that the export of goods to the Russian Federation has been de facto stopped since the beginning of the war, now it is also sanctioned at the legal level”, said the first deputy prime minister – the Minister of Economy of Ukraine, Julia Svyrydenko.
According to the Government’s forecasts, such a decision will not have negative economic consequences. After all, according to statistics, from March to June 2022, the export of Ukrainian goods to the territory of the Russian Federation amounted to only 4.2 million dollars. Mainly were ferrous metal products worth 4.189 million dollars and chemical products worth 57.200 dollars.
In addition, the export embargo will help Ukrainian companies that had contractual obligations to subjects of the Russian Federation to establish legal clarity on the issue of non-fulfillment of contracts. And now they will be able to move their activity to other markets.
As reported, Ukraine imposed a full embargo on the import of goods from Russia in early April.
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