28.03.17 18:05

Ukraine lost $13B in export revenues over war in Donbas, Crimea occupation, - Economic Development Ministry

The Ministry of Economic Development and Trade of Ukraine estimates export losses due to the armed conflict in the Donbas and Russia's occupation of Crimea at $13 billion.

This is stated in the draft National Export Strategy published on the website of the Ministry of Economic Development and Trade, Censor.NET reports referring to Ukrainski Novyny.

"The amount of losses in export revenues caused by the situation in these regions (occupied parts of the Donetsk and Luhansk regions) along with the temporarily occupied Autonomous Republic of Crimea is $12.9 billion, while Ukraine's total export losses amount to $25.2 billion," the document reads.

Read more: Shock, not disaster, - German experts estimated losses to Ukraine's economy caused by Donbas blockade

According to the National Export Strategy, the share of Crimea, Donetsk and Luhansk regions in the total volume of exports of Ukrainian goods decreased from 26.6 percent in 2013 to 10.4 percent in 2015.

Ukraine's State Statistics Service earlier reported that exports of goods from Ukraine in 2016 decreased by 4.6 percent to $36.336 billion.

Read more: President Poroshenko hopes inflation in 2017 be under 10 percent
← Back to the section