On May 15, the Cabinet of Ministers of Ukraine decided to impose a special duty on all goods from the Russian Federation. Such a measure is introduced in response to the previously imposed economic sanctions from Russia – in particular, the ban on the export of oil and oil products to Ukraine.
The special duty on goods from Russia will be introduced since August 1, 2019.
The special duty, which will be calculated as a percentage of the customs value of goods at certain rates, will not be covered only by sensitive imports – coal, coke, gasoline, liquefied gas, and pharmaceutical products.
The money received from the special duty will be accumulated in a special fund of the state budget and used to finance import substitution actions.
The size of special duties for Russian goods and their duration haven’t been published yet.
It should be mentioned, that the free trade regime between Ukraine was discontinued in 2016, and an embargo was imposed on a number of goods from both sides.