Possible blocking by Hungary of imports, exports poses no significant macro risks for Ukraine – National Bank
The economic risks of a potential blockade by Hungary of energy imports to Ukraine, as well as Ukrainian exports and transit, are manageable, meaning their realization is unlikely to have a significant impact on the macroeconomic situation, National Bank of Ukraine (NBU) Deputy Governor Volodymyr Lepushynsky said.
"The share of Hungary in our total exports and imports of goods is relatively low. Our dependence on energy imports is largely offset by the high adaptability of Ukrainian logistics," he said in an interview with Interfax-Ukraine.
Lepushynsky said that if the risks materialize, the main challenge will be higher import costs due to longer transportation routes.
"However, the inflationary effect will be limited, and demand for foreign currency will increase only slightly and will not have a decisive impact," the central bank representative said.
