Deputy Minister of Economy: Ukraine is ready for trade restrictions with the EU, but there are conditions

Deputy Minister of Economy: Ukraine is ready for trade restrictions with the EU, but there are conditions

Ukraine is ready to accept restrictions on trade with the EU to mitigate the situation with Poland, but also calls for a ban on Russian grain imports. Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, told the Financial Times.


He clarified that Kyiv supports new restrictions on imports of Ukrainian agricultural products, but the EU should also ban the export of Russian agricultural products that still enter the EU.


"Perhaps for such a transitional period... A managed approach to trade flows between Ukraine and the EU is what we all need. As for wheat, it is not Ukraine that creates problems for Polish farmers, but Russia," Kachka said.


Kyiv has also recently agreed to redirect corn exports to Italy and Spain via the Black Sea rather than by road through neighboring countries to ease tensions.


Polish Prime Minister Tusk agreed on the need to ban imports of agricultural products from Russia and Belarus.


"However, achieving an EU-wide ban will be difficult, as some member states oppose such a move over fears that it would destabilize global markets and exacerbate the economic and social crisis in developing countries," the FT writes.


As a reminder, Russian grain exports to the EU increased by more than 50% to 1.5 million tons in the period from 2022 to 2023.





Ukraine is ready to accept restrictions on trade with the EU to mitigate the situation with Poland, but also calls for a ban on Russian grain imports. Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, told the Financial Times.


He clarified that Kyiv supports new restrictions on imports of Ukrainian agricultural products, but the EU should also ban the export of Russian agricultural products that still enter the EU.


"Perhaps for such a transitional period... A managed approach to trade flows between Ukraine and the EU is what we all need. As for wheat, it is not Ukraine that creates problems for Polish farmers, but Russia," Kachka said.


Kyiv has also recently agreed to redirect corn exports to Italy and Spain via the Black Sea rather than by road through neighboring countries to ease tensions.


Polish Prime Minister Tusk agreed on the need to ban imports of agricultural products from Russia and Belarus.


"However, achieving an EU-wide ban will be difficult, as some member states oppose such a move over fears that it would destabilize global markets and exacerbate the economic and social crisis in developing countries," the FT writes.


As a reminder, Russian grain exports to the EU increased by more than 50% to 1.5 million tons in the period from 2022 to 2023.