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 Cabinet asks Rada to allow imposing economic sanctions against aggressor state

Today, Dec. 23, the government draft law No. 3704 on foreign economic activity (with respect to granting the Cabinet with powers to apply appropriate economic measures against an aggressor state) have been registered in the parliament.

Censor.NET reports citing Verkhovna Rada official web portal.

As reported, the bill has been introduced by Prime Minister Arsenii Yatseniuk.

According to the explanatory note, the food embargo and Russia's suspension of the agreement on free trade zone with Ukraine may harm the interests of "national economic security, the economic interests of Ukraine, and the legitimate interests of foreign economic activity entities, as well as contains indications of discriminatory actions against Ukraine in commercial field."

Read more: Yatseniuk introduced bill on Ukraine's refusal to pay Putin's grants to Yanukovych

"The bill is intended for a legislative regulation of Cabinet's powers concerning the operational application of appropriate measures in response to a recognized by the Verkhovna Rada aggressor state harming or threatening to harm the interests of national economic security and the economic interests of Ukraine or the legitimate interests of foreign trade activity entities," the note reads.

At the same time, the Cabinet wants this bill to supplement the law of Ukraine on foreign economic activity in terms of provisions relating to the specific application of measures by Ukraine in response to the actions of an aggressor state and/or an occupying state, that may harm the interests of national economic security.
 
 
 
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