12:28 GMT +321 August 2019
Listen Live
    Ukrainian servicemen stand near armored vehicles during a ceremony with Ukrainian President Petro Poroshenko to mark the delivery of more than 100 pieces of military equipment to the Ukrainian armed forces, near Zhitomir, Ukraine, Jan. 5, 2015

    Martial Law Will Cost Kiev Billions of Dollars - Ukrainian Lawmaker

    © AP Photo / Efrem Lukatsky
    Get short URL

    MOSCOW (Sputnik) - The Ukrainian export-oriented economy might lose billions of dollars due to the imposition of the martial law on the country's territory, Volodymyr Husak, a lawmaker from Ukraine's Opposition Bloc party, said on Sunday.

    "I believe that the losses from martial law for Ukraine's economy might cost billions of dollars," Husak said as quoted by Ukraine's Pryamiy TV channel.

    The lawmaker recalled that the country's economy was highly dependent on export.

    "All the regulations and protocols usually forbid buying and selling of goods from countries with martial law. Many enterprises just cannot conclude contracts now," Husak indicated.

    On November 26, the Ukrainian parliament supported Ukrainian President Petro Poroshenko's initiative to impose martial law in 10 eastern regions of the country after the Russian coast guard detained three Ukrainian ships that illegally crossed the country's territorial waters in the Kerch Strait.

    READ MORE: US, Allies Conduct Extraordinary Flight Over Ukraine Amid Kerch Row — Pentagon

    Russian President Vladimir Putin has said that the Kerch Strati incident was a provocation prepared in advance as a pretext to introduce martial law in Ukraine. Putin said the provocation could be linked to Poroshenko's low approval rating ahead of the presidential campaign set to start in late December.


    EU Members Lack Common Position on Sanctions Over Kerch Strait Incident - Source
    Russia Allegedly Sends Sub to Kerch Strait as Tensions With Ukraine Soar (PHOTO)
    US Not Mulling Military Response to Kerch Strait Incident - Pentagon Official
    US May Send Warship to Black Sea Amid Kerch Strait Tensions - Reports
    Russian Embassy in London: UK Ignores Ukraine's Illegal Activity in Kerch Strait
    losses, damage, economy, martial law, Volodymyr Husak, Ukraine
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik