18:32 23.08.2017

Ukrainian supplies remain most profitable for some Russian importers - Mykolska

Ukrainian supplies remain most profitable for some Russian importers - Mykolska

A significant part of Ukrainian companies after the closure of the Russian market has reoriented to other countries, but returned to supplies to companies from Russia, Deputy Minister of Economic Development and Trade, Ukraine's trade representative Natalia Mykolska has said.

"When trade relations between countries are artificially cut off, companies need some time to reorient to deliveries from other countries. Russian importers first tried whether it is possible to buy analogues of Ukrainian products in other countries. It turned out that Ukrainian products even after paying import duty remain more profitable," Mykolska said in an interview with Interfax-Ukraine.

According to the ministry, for the first half of 2017 exports of goods to Russia increased by 26.4%, while imports by 41.5%, although before that a decline was registered.

"The statistic data of growth of Ukrainian exports confirm that Russian producers cannot do without Ukrainian products that are part of their production process or consumption goods," the official said.

She also noted that a significant number of Ukrainian companies focused on other markets after the closure of the Russian market.

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