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Medvedev Reminds Ukraine That Customs Union May Take Protective Measures If Ukraine-EU Association Agreement Is Signed (17:31, Wednesday, November 20, 2013)

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Prime Minister of Russia Dmitry Medvedev has reminded Ukraine that the Customs Union of the Common Economic Area (Russia, Belarus, and Kazakhstan) may take protective measures if Ukraine signs an association agreement with the European Union.

Medvedev was speaking at a press conference in St. Petersburg (Russia).

The Russian prime minister noted that Supplement No. 6 and Article 18 of the agreement on the free trade zone within the Commonwealth of Independent States provide for the use of protective measures in case of threats to the economy of the Customs Union.

"If you are interested specifically in whether the relevant document was discussed, the agreement on free trade zone, Supplement No. 6, Article 18, then my answer is yes, it was discussed. Just because we have to be honest with each other... It was discussed in a good-neighborly and constructive way," said Medvedev.

At the same time, he was unable to predict when protective measures might be taken.

"We only talked about the fact that these rules exist. When will they be applied? I do not know," said Medvedev.

According to him, if such measures are required, the relevant consultations will be held in accordance with the agreement on the CIS free trade zone.

"However, this is not on the agenda right now. We can only speculate," said Medvedev.

He added that it was necessary to wait and see how November ends for Ukraine and draw conclusions only then.

Prime Minister of Belarus Mikhail Myasnikovich said that the signing of an association agreement with the EU is the internal affair of Ukraine.

At the same time, Myasnikovich said that the Customs Union has all the tools to protect its domestic market and that if its members feel that they need to use these tools, they will use them.

As Ukrainian News earlier reported, the leader of the Batkivschyna All-Ukrainian Association party's parliamentary faction, Arsenii Yatseniuk, has predicted that Western countries will impose sanctions on Ukraine if the association agreement between Ukraine and the European Union is not signed.

Advisor to the President of Russia Vladimir Putin's adviser Sergei Glazyev has said that Ukraine faces a loan default if it signs the association agreement with the European Union and that about EUR 35 billion will be needed to avert a default.




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