1 Nov 2018 16:59

Previous Russian sanctions against Ukraine cut bilateral trade in half - Kyiv

MOSCOW. Nov 1 (Interfax) - The sanctions against Ukraine that Russia has imposed since 2014 have reduced bilateral trade 50.4%, according to a memorandum accompanying an issue of Ukrainian Eurobonds.

Russia has imposed a number of restrictive measures against food and food products since 2014 and canceled favored-nation status for Ukraine in 2016.

"Ukraine estimates that these restrictions have led to a 50.4% reduction in trade with Russia," the document said.

Any new sanctions that Russia imposes will lead to further declines in this indicator and to losses for the export sectors, it said.

The Russian government is now imposing new sanctions against Ukraine, in line with an October 22 decree from President Vladimir Putin that will affect over 400 individuals and legal entities, to include freezes on assets in Russia as well as import bans on certain categories of Ukrainian products, Prime Minister Dmitry Medvedev said.