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01:59 PM, August 9, 2017
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Ukraine Suspends Deal With Russia On Military Exports To Third Countries
Ukraine Suspends Deal With Russia On Military Exports To Third Nations

Ukraine has decided to suspend an intergovernmental agreement with Russia on cooperation in exports of military products to third countries.

"The decision has been made," Ukrainian Prime Minister Volodymyr Groysman said as broadcast by the 112.Ukraina television channel.

Earlier in the day, military expert Igor Korotchenko said that the agreement had been de facto canceled after the 2014 coup in Kiev, and that its suspension would not affect Russia.

The agreement between Kiev and Moscow was signed in 2003 and came into force in 2004. Both the countries agreed on cooperation in such areas as the export of military products to third countries, joint marketing and licensing studies of world defense products markets, exchange of information on these issues, consultations to agree on export prices and tariffs for the supply of military products to third-party countries, among others.

The agreement was signed for a period of five years and provided for an automatic extension for one-year time periods unless one of the parties to the deal informed its partner about their intention to revoke the agreement.

At the same time, the cancellation of the accord would have no impact on unfinished projects or contracts signed under the deal.

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