The choice “has been set up for guaranteeing Ukraine’s national security in light of Russia’s presentation of particular exchange bans and limitations against Ukraine,” said Ukrainian Representative Leader Stepan Kubiv at an administration meeting.
The present boycott would was expected to lapse on August 5 this year.
The embargoes have prompted a 42 percent drop in exchange between the two nations in the primary quarter of the year, as per Kubiv. He included that Ukraine was all the while losing different markets because of the measures.
In December, President Putin marked a pronouncement to suspend the organized commerce settlement with Ukraine, beginning from January 1, 2016. Before Kiev consented to the EU affiliation arrangement, Russia and Ukraine exchanged understanding with the organized commerce assention between CIS nations.
Putin said Kiev’s turn to open its fringes to the EU bargains Russian interests and monetary security. Moscow is worried that without a boundary, Ukraine could illicitly supply restricted European merchandise to Russia.
Two years back, the Kremlin presented a sustenance ban against nations that upheld hostile to Russian authorizations over the contention in Ukraine. These incorporate the EU, the US, Canada, Norway and Australia. Albania, Montenegro, Iceland, and Liechtenstein were incorporated into Moscow’s authorization list in 2015.
The boycott, which incorporates meat, fish and drain items, and also foods grown from the ground, was as of late stretched out through 2017.
A week ago, Moscow delayed limitations on Ukrainian products transported through Russia to Kazakhstan and stretched out them to neighboring Kyrgyzstan.
Kiev says Russia’s move violates the rules of the World Trade Organization.