AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

imageMOSCOW: Russia denied on Friday that it was waging a trade war with Ukraine to discourage its ex-Soviet neighbour from forging closer political and economic relations with the European Union.

The Ukrainian Employers' Federation reported on Wednesday that all goods destined for Russia were being held up at the border without an explanation and subjected to rigorous checks.

The claim supported by such Ukrainian giants as the mining firm Metinvest and the beer maker Obolon follows the suspension in July of Russian imports from the popular chocolate brand Roshen over alleged quality concerns.

The head of Russia's consumer rights protection agency confirmed on Friday that Ukrainian goods were being put to more exacting inspections but denied any link to politics.

"We have a long and specific list of complaints relating to the protection of consumer rights," Federal Service for the Oversight of Consumer Protection and Welfare chief Gennady Onishchenko was quoted as saying by Interfax.

"If you want to call this a trade war, then call it a trade war," he added. "But we are conducting professional work." Russia remains Ukraine's closest trade partner and is responsible for nearly a quarter of its total exports.

But the authorities in Kiev are keen to reduce that dependence and have been leading negotiations with Brussels over a trade agreement that could serve as a stepping stone for Ukraine's eventual membership in the 28-nation bloc.

Ukrainian Prime Minister Mykola Azarov acknowledged "difficulties" at the border on Thursday but urged the media not to play up the scale of the dispute.

Kiev was due to raise the issue later on Friday during a meeting in the Russian city of Suzdal of a commission overseeing trade in the Moscow-led Customs Union that also groups Belarus and Kazakhstan.

Ukrainian President Viktor Yanukovych said in a statement that he also raised his "concern" about the trade spat during a Friday telephone conversation with his Russian counterpart Vladimir Putin.

Russian officials have said that Ukrainian goods would pass the border more smoothly if Kiev agreed to join the Moscow-led union something Yanukovych has flatly refused to do.

Nationalist politicians in Ukraine who support closer European integration accuse Moscow of trying to force Kiev into the Russian bloc by imposing the trade restrictions.

There were initial signs on Friday of Ukraine being prepared to take countermeasures that included its own bans on imports from Russia.

Kiev's Segodnya daily said Yanukovych had ordered his National Security and Defence Council to convene an emergency meeting focused on reciprocal measures that Ukraine could take.

Segodnya added that Ukraine was banning the import of grain from some Russian regions in Siberia and the North Caucasus owing to fears over the spread of the foot and mouth disease.

Ukrainian Economic Development and Trade Minister Igor Prasolov announced that Kiev also intended to decide by Monday whether to ask the World Trade Organization to rule on the matter.

But Prasolov stressed that "we do not intend to limit the import of Russian goods because we must first figure out why our products are encountering problems."

Russia has been frequently accused of using trade restrictions as a weapon against ex-Soviet countries with pro-Western leanings and has previously cut supplies of natural gas to Ukraine.

But some analysts said the latest measures were far more drastic that those previously imposed on Ukraine or Georgia and Moldova two nations that have long been seeking closer ties with Europe and the United States.

"Even the 2006 bans that Russia imposed on Georgian and Moldovan wine, juice and mineral water does not compare to the current Russian-Ukrainian trade war," Moscow's Higher School of Economics professor Alexei Portansky wrote in the Russian online edition of Forbes.

"Those bans covered a specific range of products," Portansky noted. "Plus, Russia had at that point not been a member of the World Trade Organization and was not bound by the generally-accepted intentional rules and norms."

Comments

Comments are closed.