Customs cargo declarations in accordance with the law on the Crimean free economic zone have been processed by 120 subjects of foreign economic operations. The Deputy Head of the State Fiscal Service of Ukraine, Anatolii Makarenko, announced this, the Interfax Ukraine news agency reports.

"There were about 400 trucks in the Chongarsky direction on Saturday, September 27, and 150 this morning. I would also like to announce that subjects of foreign economic activities have filed the first 120 customs declarations. That is, we are in a working process. It is complex, transitional, and - for some people - even painful, but these are the new circumstances imposed on us by another subject of international law," Makarenko said at a press conference in Kyiv on Tuesday.

According to Makarenko, Russia will also introduce declarations for goods leaving the Crimea on October 1.

"The Ukrainian customs, starting at midnight on September 27, is operating on the border between the Kherson region and the Crimea ... in a mode that corresponds to the functioning of international border crossings. The appropriate declarations are filed for goods moving to/from the Crimea. If they are moving into the territory of the Crimea, then it is an export declaration for movement accordance with the free economic zone’s export regime. If goods are moving from the Crimean territory, declarations of import onto the territory of Ukraine are filed," he said.

According to the law, the Crimean free economic zone is being introduced within the Republic of Crimea and Sevastopol. There is also a special legal regime for economic activities performed by individuals and companies on the territory of the free economic zone, including a special procedure for applying Ukrainian regulatory, tax, and customs legislation, as well as a special regime for internal and external migration of individuals. A free customs zone is being created within the Crimean free economic zone.

The free economic zone is being created without the consent of the relevant local self-government agencies or the executive authorities. National taxes and duties are not collected on the territory of the Crimean free economic zone. Individuals with tax addresses on another Ukrainian territory outside the free economic zone are obliged to declare residential real estate belonging to them in the free economic zone.

The law states that Ukraine guarantees protection of the property and non-property rights of individuals and legal entities on the territory of the Crimean free economic zone in accordance with the laws of the country, including those pertaining to protection of foreign investment.