As stated in an interview with TASS Director of the Department of trade negotiations Ministry of economic development Maxim Medvedkov, trade effects of regional agreements could be negative for countries that do not have them. According to Medvedkov, billions of dollars of value can achieve losses of Russia from the agreement on Association of Ukraine with the EU.
“These effects are associated with the growth of intra-regional trade, sometimes at the expense of the turnover with non-group countries. For us these effects, because of the commodity structure of Russian exports, is minimal. The exception is the Association agreement of Ukraine with the EU, where the trade structure was different, and where our losses reach billions of marks,” said the Director of Department of trading negotiations MAYOR.