UJ.com

Top 2 

                        FRIDAY, MARCH 29, 2024
Make Homepage /  Add Bookmark
Front Page
Nation
Business
Search
Subscription
Advertising
About us
Copyright
Contact
 

   Username:
   Password:


Registration

 
GISMETEO.RU
UJ Week
Top 1   

    
Business    

Ukraine slaps fee on Russian auto imports
Journal Staff Report

KIEV, Sept. 12 - Ukraine has introduced a recycling fee on cars imported from Russia, a decree published on Wednesday showed, escalating a trade conflict that ensued after Moscow took a similar step this month, Reuters reported.

Trade disputes between Russia and the former Soviet republic include differences over natural gas as Kiev seeks to revise a 2009 deal on Russian supplies and a clash over dairy imports which erupted earlier this year.

Ukraine's government published a decree on its website introducing the fee, which starts at about $900 and goes up according to engine capacity.

Russia, traditionally protective of its car industry but forced to cut import duties after joining the World Trade Organization, introduced similar fees this month to keep the price of imported cars effectively unchanged.

Ukraine and Russia have separate agreements on duty-free car trade and the new measure has made Ukrainian vehicles more expensive for Russians, adding $600 to $20,000 to the price per unit.

Russia, which bought $344 million worth of Ukrainian cars, buses and trucks last year, accounts for 90 percent of Ukrainian car exports and 40 percent of its total output.

Ukraine, in turn, bought Russian-produced vehicles worth a total of $453 million last year.

The two neighbors fought a "cheese war" this year when Russia banned imports of cheese made by a number of Ukrainian producers, accusing them of using cheap ingredients such as palm oil in place of milk fats.

Ukraine then responded by halting dairy imports from Belarus, Russia's ally and a member of a Moscow-led customs union which also includes Kazakhstan.

Russia has long urged Ukraine to join the same customs union, offering perks such as cheaper energy supplies and improved market access, but Kiev has so far refused to do so.

Analysts say the latest conflict is likely to be resolved soon, however.

"I think that Russia and Ukraine will soon sign a document eliminating these fees," said Oleh Nazarenko, head of the Ukrainian car importers and dealers' association. (rt/ez)




Log in

Print article E-mail article


Currencies (in hryvnias)
  28.03.2024 prev
USD 39.23 39.14
RUR 0.425 0.422
EUR 42.44 42.44

Stock Market
  27.03.2024 prev
PFTS 507.0 507.0
source: PFTS

OTHER NEWS

Ukrainian Journal   
Front PageNationBusinessEditorialFeatureAdvertisingSubscriptionAdvertisingSearchAbout usCopyrightContact
Copyright 2005 Ukrainian Journal. All rights reserved
Programmed by TAC webstudio