According to calculations of the national Bank of Ukraine, exports to Russia in 2016 because Moscow imposed trade restrictions will decrease by 31%. In monetary terms the losses amount to 1.3 billion rubles, says the report of the regulator.
From 1 January 2016, Russia has extended to Ukraine the food embargo, set for supported anti-Russian sanctions countries. In addition, it suspended the agreement on free trade zone. Moscow has also imposed import duties to protect domestic market from the duty-free goods from the EU.
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