You are here

Eurasian Economic Union develops preliminary mechanism to monitor Ukrainian transit

Eurasian Economic Union (EEU) members - Belarus, Russia and Kazakhstan - have developed a preliminary mechanism to monitor the transit of Ukrainian goods and goods from the European Union. 

On 21 December, First Deputy Prime Minister of Russia Igor Shuvalov said that the new mechanism will help completely control the flow of goods from Ukraine via Belarus or Russia to Kazakhstan.

Yesterday, during a meeting of the Supreme Eurasian Economic Council in Moscow, Belarus President Alexander Lukashenko said that the EEU countries have worked out protective measures that will apply from January 1 when a free trade zone between Ukraine and the EU comes into force.

The Belarusian leader stressed that the following could happen: Ukrainian goods will be replaced by goods from the European Union, and their goods will rush into Belarus. 

What is more, European goods imported to Ukraine at a zero duty, thanks to the free trade zone with the CIS, could enter freely the CIS territory if the market is not protected.

Elena Semak, Associate Professor of International Economic Relations Department of the Belarusian State University:
The Eurasian Economic Union has for a long time been developing protective measures for our industries, our businesses. And the whole system of tariffs and protective measures was very balanced; it was harmonious. Now, of course, it is broken. From January 1, the EU opens a free trade zone with Ukraine and it is clear that many EU-made goods will rush into Belarus and the Russian Federation from Ukraine. And our producers will not be protected, while now we are protected from it.

Elena Semak, Associate Professor of International Economic Relations Department of the Belarusian State University