EU urges Russia not to impose food embargo on Ukraine

‘The European Union has asked Moscow not to ban Ukrainian goods after 1 January 2016, when the economic part of Kiev’s Association Agreement comes into force. Kremlin says it’s considering customs tariffs, not embargo.

According to EU Trade Commissioner Cecilia Malmstrom, Brussels is doing everything possible to prevent a food embargo against Ukraine. She said the EU is holding frequent meetings with Russia to mitigate the consequences for Kiev.

Ukrainian industry has estimated the losses from a Russian embargo on its products could be $140-205 million.’

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