Business news from Ukraine

TRADE TURNOVER BETWEEN UKRAINE, KAZAKHSTAN INCREASED BY 15-25% SINCE YEAR START – UKRAINIAN AMBASSADOR

12 June , 2017  

ASTANA. June 12 (Interfax-Ukraine) – Since the beginning of 2017, mutual trade between Ukraine and Kazakhstan, depending on the category of goods, has shown an increase of 15-25% compared to the figures for the same period in 2016, Charge d’Affaires of Ukraine to Kazakhstan Volodymyr Dzhydzhora has said.
“Since the beginning of this year we have seen an increase of trade turnover between Ukraine and Kazakhstan over the previous year. This ranges from 15 to 24-25% in different directions,” he told journalists in Astana on Friday.
The diplomat said that in 2016 the total volume of trade in goods and services between Ukraine and Kazakhstan amounted to $926.7 million, which is 21.2% less than in 2015.
According to Dzhydzhora, such a decline in the Ukrainian-Kazakh trade turnover last year was due, in particular, to a decrease in the solvency level of the Kazakh business due to the fall in oil and gas prices, the weakening of the Ukrainian economy in connection with the fighting in Donbas and actions of the Russian Federation within the framework of its “counter-sanctions” because of which the prices for transit services increased.