Russia 'to normalize trade ties with Ukraine and EU'

Putin wants 'to normalize its trade relations with Ukraine and European Union' after 'extraordinary circumstances affecting interests and economic security' of Russia

Photo by: Reuters
Photo by: Reuters

Russian President Vladimir Putin speaks during his annual end-of-year news conference in Moscow, Russia, December 17, 2015.

Russia will make efforts to overcome the problems in its trade relations with the European Union and Ukraine, Russian news agencies quoted President Vladimir Putin as saying on Tuesday.

"I think we will return to these issues more than once. We want to normalize relations (in trade) with our partners - with Ukraine and with the European Union," Interfax news agency said.

Putin ordered Russian government officials last week to put aside free trade zone agreement with Ukraine from January 2016, as "extraordinary circumstances affecting the interests and economic security" of Russia.

The implementation of the bilateral trade agreement will be taking place on Jan. 1 2016 over the agreement signed with Ukraine and the EU.

Russian First Deputy Prime Minister Igor Shuvalov separately said on Tuesday that Russia is ready "to take part in talks and search for compromise" on the Ukraine-EU trade agreement.

TRTWorld and agencies