Imports to Ukraine are falling - there is no currency, nothing to buy with
The fall in purchasing power limits the flow of currency into Ukraine and reduces imports, says Alexander Okhrimenko, president of the Ukrainian Analytical Center.
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“We see how the foreign exchange market has shrunk. Today, foreign exchange turnover through the Interbank Bank is about $200 million versus $2 billion in 2013. Thus, the turnover fell 10 times. The country receives 10 times less currency, and accordingly, imports are limited; they fell by 37-38%. What are we bringing in today? Gasoline, medicine. For all other items - clothing, cars, etc. - there was a sharp decline. For example, according to customs data for 6 months, 70% less shoes were imported compared to 2013. Prices have risen so much that you can import them, but how can you sell them? This is a deterrent to imports,” he said.
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