Voices from Russia

Saturday, 21 March 2015

The Ukraine Faces Collapse in Foreign Trade

00 ukrainian money. 21.03.15


Ukrainskaya Pravda reported that a serious reduction in Ukrainian export volumes reflected the poor economic situation. Ukrainian foreign trade turnover fell by one-third for January 2015, but the junta hasn’t worked out a strategic plan to support exporting companies. According to official Ukrainian foreign trade statistics for 2014, the volume of exports fell by 22 percent. Ukrainskaya Pravda stated, “Statistics in January 2015 were set to confirm or refute expert assessments about the collapse of Ukrainian exports to the EU. In fact, statistics turned out to be much worse!” The latest data show that Ukrainian exports to the EU in January 2015 dropped by 31 percent compared with January 2014. The decrease of Ukrainian exports to the SNG and Russia was even more apparent, reaching 54.9 percent and 60.3 percent, respectively. Anna Derevyanko, Executive Director of the European Business Association, said that export growth requires a stable and predictable economic policy, which now doesn’t exist.

18 March 2015

Sputnik International



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