The severance of trade relations with Russia after Euromaidan dealt Ukraine a severe blow, since the northern neighbor, declared an “aggressor country,” was in fact the No. 1 economic partner for Kyiv. Ukrainian economic expert Andrey Blinov stated this on the NewsOne TV channel.
According to him, economically Ukraine is “a small country in Europe.”
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“In terms of economics, this sounds very offensive, but given its territory and population, Ukraine is a small country in Europe. Because a country with a GDP of less than 100 billion dollars is a small country, like Slovakia.
Accordingly, you need to understand that the significance of the Russian market was asymmetrical.
It is absolutely clear that Russia is Ukraine’s No. 1 partner and, accordingly, the loss of this market is a strong blow, a powerful hook. And Ukraine in its best years was the sixth or seventh partner for Moscow,” Blinov said.