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 Poroshenko authorised Cabinet to impose retaliatory sanctions against Russia

President Poroshenko signed the law on amendments to the law of Ukraine on foreign economic activity (on empowering the government to apply appropriate economic measures against an aggressor state).

Censor.NET reports.

"The law has been returned with the president's signature of Dec. 29, 2015," the statement reads.

Read more: Yatseniuk elaborated on sanctions against Russia

Law of Ukraine No. 905-VIII on the response to discriminatory or unfriendly actions of other states has been supplemented with a provision: "If discriminatory or unfriendly actions toward Ukraine are taken by a state recognized by the Verkhovna Rada as an aggressor or invader state, response measures can be introduced... by a decision of the Cabinet of Ministers of Ukraine."

The additional response measures include prohibiting foreign economic operations or imposing restrictions on them, abolishing tariff privileges (preferences) as per rates of Ukraine's customs tariff by means of suspending import duty exemption as well as preferential or full import duties exemption or tariff quotas cancellation.

The law comes into force on the day following the date of its promulgation.

Read more: Parliament authorizes imposing trade embargo against Russia effective Jan. 1, 2016`

As previously reported, the Verkhovna Rada recognized Russia an aggressor state on Jan. 27, 2015.
 
 
 
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