According to a joint statement issued after the trilateral ministerial meeting which included EU Trade Commissioner Karl De Gucht, Minister of Foreign Affairs of Ukraine Pavlo Klimkin and Minister of Economic Development of the Russian Federation Alexei Ulyukayev, they agreed on the importance of promoting trade liberalisation in support of growth and greater prosperity, in line with their WTO obligations.
The statement said the Commission is ready, in the event that Ukraine ratifies the Association Agreement with the EU, to propose additional flexibility. Such flexibility will consist in delaying until Dec. 31, 2015.
The three parties will continue to consult on how to address concerns raised by Russia. The progress of these consultations will be reviewed at trilateral ministerial meetings.
On the basis of this understanding, Russia and Ukraine confirm that they will continue to apply the CIS-FTA preferential regime.