EU removes import obligations on Ukraine for one year| MENAFN.COM

Wednesday, 06 July 2022 07:09 GMT

EU removes import obligations on Ukraine for one year


(MENAFN) The EU is going to remove all import responsibilities on Ukrainian goods for a year, in line with a decision that the capitals of member nations accepted on Tuesday.

the EU institution declared in an announcement that "The Council (of the European Union) adopted today a regulation allowing for temporary trade liberalization and other trade concessions with regard to certain Ukrainian products."

Following the update, the bloc is no longer going to force any import responsibilities on Ukrainian goods for a period of one year, counting industrial as well as agricultural products.
With the verdict, the EU targets to support the Ukrainian economy and discourse international food insecurity.

The EU has owed €2 billion (USD2.14 billion) in soldierly aid to Ukraine and armed over €4 billion (USD4.29 billion) in macro-economic assistance, humanitarian aid, as well as assistance to EU nations hosting refugees from Ukraine since the war broke out on the 24th of February.

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