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​Ukraine, Russia Fail To Agree Trade Regime After Economic Part Of EU-Ukraine Association Agreement Enters Into Effect

According to the report, Russia will continue to negotiate with Ukraine on cooperation in the area of trade.

After trilateral negotiations with the European Union, Ukraine and Russia failed to reach agreement on the Ukraine-Russia trade regime after the economic part of the Association Agreement between Ukraine and the European Union enters into effect, the Russian news agency TASS reports.

"The trilateral talks between the Russian Federation, the European Union, and Ukraine on trade ended without result. As a result, Russia was unable to reach agreement with Kyiv on harmonization of a number of relations," the report states.

According to the report, Russia will continue to negotiate with Ukraine on cooperation in the area of trade.

"We will definitely work; life does not end on January 1, 2016... We will meet, we will discuss, and we will hold negotiations, but they will be conducted on the other side of the Rubicon, in a situation in which we will be implementing the basic provisions of the trade and economic part of the trade agreement between Ukraine and the European Union on the one hand and, on the other hand, Ukraine will cease to receive preferential treatment," the report reads, citing a statement by Russia's Minister of Economic Development Alexei Ulyukayev.

Ukraine's Minister of Foreign Affairs Pavlo Klimkin said that the consultation ended without a single result.

"The positions of the European Union and Ukraine are the same, and the FTA agreement will take effect from January 1, 2016," he said.

In addition, he said that, on customs regulations, Russia wanted to obtain all the information about trade between the European Union and Ukraine.

Furthermore, according to him, Russia insisted on inspections in the Ukrainian agrarian sector but he considered such demands absolutely unacceptable.

As Ukrainian News earlier reported, Klimkin announced that he intended to travel to Brussels (Belgium) on December 21 to participate in trilateral consultations between Ukraine, Russia, and the European Union on establishment of a free trade area between Ukraine and the European Union.

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