Support The Moscow Times!

Kiev Economy Minister Predicts 'Trade War' With Russia

Ukraine's economic development minister has said that he expects a "trade war" with Russia to break out after Kiev signs the trade section of an association agreement with the European Union later this week.

"In the short-term, it is obvious that we have to prepare for the scenario of a possible trade war that will see Russia introduce defensive measures and barriers," Minister Pavel Sheremeta said on television Monday, Interfax reported. ? 

He said that Ukraine is ready to discuss any trade problems with Russia, but that Moscow's apprehensions about the signing of the association agreement are mostly exaggerated.

Ukrainian President Petro Poroshenko, who was elected in late May, said last week that he would sign the trade agreement on Friday in Brussels, the political section having already been signed in March. ? 

Poroshenko replaced Moscow-leaning Viktor Yanukovych, whose decision to step back from signing an EU trade pact in November led to months-long street protests in Kiev and, ultimately, his own removal from power.

See also:

Russian, Ukrainian Top Diplomats Trade Insults

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more