Tuesday, March 28 2017 18:22 EEST
Ukraine
Occupation of Donbas, Crimea makes Ukrainian exports lose almost $13 bln – economy ministry
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Export losses due to the occupation of Donbas and Crimea amounted to US$12.9 billion, while total export losses of Ukraine amounted to $25.2 billion over the past years, that’s according to a draft export strategy, published on the website of the Ministry of Economic Development and Trade.

"The cost of export losses at the expense of these areas [of Donbas], together with the temporarily occupied Autonomous Republic of Crimea, amounted to $12.9 billion, while Ukraine’s total export losses amounted to $25.2 billion," the document says.

According to the export strategy, the share of Crimea, Donetsk and Luhansk regions in the total volume of exports of Ukrainian goods decreased from 26.6% in 2013 to 10.4% in 2015.

As reported earlier, the Ukrainian Economic Development and Trade Ministry said the country's exports in 2016 had fallen by 4.6%, or US$1.8 billion, from 2015, which coincided with the State Statistics Service's estimates. The deficit of foreign trade in goods in Ukraine in 2016 amounted to $2.886 billion against $610.7 million of surplus in 2015. The export of goods from Ukraine in January 2017 against January 2016 grew by 48.1%, to $3.026 billion.

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