EU ready to begin trade arbitration with Ukraine to lift moratorium on timber exports

The European Union will likely begin commercial arbitration with Ukraine soon to lift a moratorium on exports of round timber as the one violating the Ukraine-EU Association Agreement, Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze has said.

“Unfortunately, Ukraine really violates the Association Agreement with the introduction of the moratorium on round timber exports. This obligation will be considered as part of commercial arbitration. And the European Union is ready to start this arbitration between Ukraine and the EU,” she said at a briefing in Kyiv. According to the official, the lifting of the moratorium is not included in the list of conditions for provision of macro-financial assistance by the European Union.