November 22, 2008

Ukraine faces Russian trade review over its WTO entry

According to Ukraine ministry official with direct knowledge of the review Russian Economic Development Ministry may change the terms of its trade agreements with Ukraine because of Kiev's entry into the World Trade Organization.

The official said on condition of anonymity, citing ministry policy the changes may affect free trade with Ukraine, including food and plant imports and other goods.

Ukraine, Russia's biggest trade partner among the former Soviet republics, joined the WTO in May. Russia's 15 year push to also become a WTO member is likely to be delayed beyond this year as the nation's relations with the West reach a post-Soviet low following the conflict with Georgia.

Ukraine's bid to join NATO and its support for Georgia has strained relations with Russia.