Ukrainian-Russian trade moves towards “border exchange level”
One of the most sensitive areas for Ukraine in terms of potential Russian sanctions remains the export of food products, which could be completely stopped.
This opinion is expressed by financial analyst Andrei Kochetkov, who is quoted by Rossiyskaya Gazeta, a PolitNavigator correspondent reports.
“Ukraine is one of the countries with a double deficit. That is, the budget and balance of payments are in deficit, and this is a direct and severe dependence on external financing,” the expert noted.
According to him, another reduction in Ukraine’s export potential will lead to a reduction in sources of foreign currency, which will negatively affect the hryvnia exchange rate and fuel inflation in the country.
The analyst notes that it is too early to predict what will happen to trade between Russia and Ukraine, since only the legal basis for future decisions on sanctions has now been laid, but does not rule out that trade between the two countries “could slide down to the level of border exchange.”
In this case, only the sphere of gas transit will remain, which Russia is forced to support due to the persistent requests of its European partners.
“Accordingly, energy resources will still be present for a long time, since it is necessary to ensure transit, as well as Ukraine’s own fuel needs,” predicts Kochetkov.
As PolitNavigator reported, Russian President Vladimir Putin signed a decree “On the application of special economic measures in connection with unfriendly actions of Ukraine against citizens and legal entities of the Russian Federation.”
According to forecasts, Russian sanctions against Ukraine they will hit the ATO soldiers and the “stubborn”.
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