Despite sanctions, flow of goods between Russia and Ukraine increased by 20 percent

In the first half of 2017, the trade volume between Ukraine and Russia increased, despite the sanctions, wrote Maxim Parkhomenko in his article for ZN.UA.

The author, referring to the Ukrainian state statistics service, indicated that the geographical structure of Ukrainian exports since last year has not undergone significant changes. Ukraine’s main trading partners are Italy, Turkey, Egypt, Poland, Russia, and India. At the same time, Russia accounts for the lion’s share of the trading volume.

"It is in these regions that we sold the most goods in the last six months thanks to a 25% growth in exports,” the article stated. According to the state statistics service, the volume of imports has also increased by 29%.

"The main import volume (42%) comes from oil and products of its distillation. For the analyzed period, the exports for this item increased by 80%. We were able to sell 25% more goods in Russia, mainly products of inorganic chemistry, ferrous metals, boilers and machinery", the author notes.

The trade turnover with Russia, says the author of the article, depends not on people’s desire to buy but rather on the inability to diversify the deliveries of oil products from other regions.

  Russia, Ukraine, trade, Sanctions on Russia