KIEV, Sept. 4 – Russia's threats to impose an embargo on Ukrainian goods if no amendments are made to an annex to the Ukrainian-EU free trade agreement are based on far-fetched apprehensions and have no economic grounds, Ukrainian Foreign Minister Pavlo Klimkin said.

"Russia's objections are purely theoretical. We have closely analyzed and calculated the situation together with the EU: at the present time, we have found absolutely no grounds for objections," Klimkin said in a presentation at a session of the Ukrainian Foreign Ministry's Council of Exporters and Investors on Friday.