Date: 4 days ago   Category: Animals

Ukraine recognized defeat in "a key trade dispute" with Russia


Ukraine will not submit the appeal on the decision of the arbitration court of the World Trade Organization (WTO) on transit of the Ukrainian goods through Russia. TASS with reference to the press service of the Ukrainian Ministry of Economic Development and Trade reports about it. It is noted that such position is based on withdrawal of interdepartmental group about existence in the report of a number of the essential provisions positive for the trade interests of Kiev and all international community. Department also specified that the decision of the WTO is favorable to Ukraine "both in medium-term, and in the long term". The Ukrainian side is also convinced that it allows Kiev to impose sanctions against Moscow in case of need. Earlier arbitration group of the WTO supported a position of Russia in a dispute with Ukraine concerning transit of the Ukrainian goods across the territory of the Russian Federation to the third countries. Russia in 2016 forbade transit of the Ukrainian goods as the answer to the beginning of work of the free trade zone (FTZ) between Ukraine and the European Union. In July, 2018 Russia won two trade disputes with Ukraine at once. The arbitration satisfied need of protectionist duties from Moscow on supply of ammonium nitrate, and recognized as necessary will lock on certification of the Ukrainian railway products a bit later. What occurs in Russia and in the world? We explain on our YouTube channel. Subscribe!

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