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EU may impose sanctions against Ukraine

ЕС может ввести санкции против УкраиныThe Finance Minister urged to give him powers to sign the Convention.

The European Union could impose economic sanctions against Ukraine in case of failure to sign the multilateral Convention MLI on the elimination of double taxation.

This was stated by Finance Minister Alexander danyluk at the government meeting.

“We have until June 28 to sign a multilateral Convention on the execution of measures concerning the agreements on the taxation, the so-called MLI. The decision was taken by Cabinet in December last year”, – said danyluk.

“I’m still waiting for powers that will give me the opportunity to sign it. This is the last chance for Ukraine to accede to the agreement. It still needs to be ratified. This process must be completed before the end of the year. If this is not done – there would be a risk of the application against Ukraine of the economic sanctions from the European Union,” he said.

“We all support the investment climate. Therefore, the appropriate authority must be provided to me for the signing of this agreement. We need to start the relevant procedures,” added danyluk.

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