04:41 GMT +318 October 2019
Listen Live
    Ukrainian Prime Minister Arseniy Yatsenyuk

    Yatsenyuk: Russia Likely to Stop Being One of Ukraine’s Main Trade Partners

    AP/FOTOLINK
    Business
    Get short URL
    146
    Subscribe

    Ukrainian Prime Minister Arseniy Yatsenyuk stated that Russia is likely to lose its status of one of Ukraine’s main trade partners soon.

    KIEV, December 30 (Sputnik) – Russia is likely to lose its status of one of Ukraine’s main trade partners soon, Ukrainian Prime Minister Arseniy Yatsenyuk said Tuesday.

    “Trade turnover with Russia has halved, it’s a stable tendency that has continued for years. In fact, Russia will stop being one of Ukraine’s main trade partners in the near future,” he said.

    In early December, Ukraine's Deputy Head of the State Customs Service, Anatoly Makarenko, described Russia as one of his country's key trade partners. He said that Russia accounted for 20 percent of Ukrainian exports.

    Ukraine's primarily exports foodstuffs including meat, poultry, and dairy, as well as rolled metal products, to Russia. About 60 percent of Ukrainian milk products have been exported to Russia in previous years.

    In late June, Ukraine signed an association agreement with the European Union that included the elimination of import duties. But in September, Kiev and Brussels agreed to delay Ukraine's entry to the EU free trade zone due to Russia's reservations.

    Related:

    Putin, IMF Chief Discuss Russia's Efforts to Help Crisis-Hit Ukraine
    Russia to Deliver 500,000 Tons of Coal Per Month to Ukraine: Official
    Russia to Halt Gas Sales to Ukraine if Kiev Fails to Repay $1.65Bln
    Medvedev: Ukraine Freedom Support Act to Tarnish Russia-US Relations
    Russia Reserves Adequate Response to Ukraine Freedom Support Act: Official
    Tags:
    trade, Arseniy Yatsenyuk, Ukraine, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik