You're reading: Putin speaks for protective measures in Customs Union given situation in Ukraine

President Vladimir Putin believes that the situation in Ukraine may have a negative impact on the market of the Customs Union and urged partners in the Customs Union to work out measures to protect manufacturers and exporters.

“Ukraine is a key economic partner of the Customs Union. Close
industrial and trade ties unite us. Ukraine belongs to the CIS free
trade zone. The extraordinary situation in Ukraine arouses most serious
concern. The Ukrainian economy is in a deep, if not very deep crisis.
Negative consequences for the market of the Customs Union are also
possible,” he said opening a session of the Supreme Eurasian Economic
Council at the level of heads of state.

“Together we should think about what should be done to protect our
manufacturers and exporters. And also work out parameters of further
interaction with Ukraine,” he said.