EconomyPolitics The EU guarantees higher commerce circumstances for Ukraine after June 5 than they have been earlier than 2022. Thursday, April 24, 2025

The Ukrainian authorities, together with the European Fee, are working to undertake new commerce phrases that can come into impact after June 5. In any other case, the provisions of the Affiliation Settlement can be reinstated “by default”, which poses a danger of a major discount in Ukrainian exports to the EU. Losses for the Ukrainian economic system on this case are estimated at $1.5B, or almost 4% of complete export quantity.

Nonetheless, the EC strongly helps the preservation and enhancement of the present commerce regime. EC President Ursula von der Leyen gave assurances throughout negotiations with Ukrainian Prime Minister Denys Shmyhal that the brand new commerce parameters between Ukraine and the EU can be higher than people who have been in impact earlier than 2022. That is meant to be achieved by revising and increasing the present free commerce regime in accordance with Article 29 of the Affiliation Settlement.

The Ukrainian facet emphasizes that the format of the long run settlement will not be essential. The first purpose is to protect and strengthen entry for Ukrainian items to the European market.