Voice of Russia | 4 July 2014

Russia to terminate free trade agreement with Ukraine following EU association pact

Russia is ready to suspend the free trade zone agreement with Ukraine after the EU-Ukraine Association Agreement comes into effect, Tatyana Golendeyeva, deputy chief of the Russian Federal Customs Service said.

"We are considering the issue of suspending the free trade agreement or terminating it completely. It concerns stopping custom-free imports of Ukrainian products," Golendeyeva told reporters in Simferopol on Friday, according to Interfax.

According to Golendeyeva, the decision could be made after the EU-Ukraine Association Agreement comes into effect, however the exact timeline when the agreement starts operating has not been determined yet. Other Customs Union states will be able to leave the free trade zone agreement with Ukraine as well, she said