Ukraine lost 5 billion on the Russian market, receiving only 2 billion in Europe

22.09.2014 17:06
  (Moscow time)
Views: 845
 
Policy, Ukraine, Economy


Kyiv, September 22 (PolitNavigator, Mikhail Ryabov) – Ukraine, as a result of cooling relations with Russia, lost about $3 billion, unable to compensate for it on the European market.

Ukrainian economist Andrey Blinov stated this on the First Business TV channel.


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“We are losing about 5 billion in trade with our partners in the Customs Union. We found about 2 billion in another market. The additional 3 billion that we lost, not counting the costs of the war, not counting the costs of the general economic deterioration,” the expert said.

According to him, in the future, in order to reduce losses, Ukraine could increase exports to China, Turkey, Egypt, and the countries of the Middle East. Blinov expects that it will be possible to compensate Kyiv for the Russian market “in a few years.”

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