Business news from Ukraine

Business news from Ukraine

GOOD TURNOVER BETWEEN UKRAINE AND BELARUS FALLS IN JAN-MAY

6 July , 2020  

The coronavirus disease (COVID-19) pandemic seriously affected the trade between Ukraine and Belarus, and in the first five months of this year, trade between the countries amounted to $1.675 billion, a decrease of 22.8% compared to the same period last year, Belarussian Ambassador to Ukraine Igor Sokol has said. “I would like the turnover to be bigger, but the situation associated with the COVID-19 pandemic is a circumstance that does not depend on you or on us, and it seriously affected the turnover between Ukraine and Belarus. In the first five months of this year, our turnover amounted to $1.675 billion. Belarus exported to Ukraine [goods worth] $1.078 billion, and Ukraine exported to Belarus – $597 million. According to our statistics, compared with the same period last year, there is a decrease in trade by 22.8%,” he said in an interview with Interfax-Ukraine.
According to the ambassador, personal contacts and logistics were interrupted.
“I have to say that Ukraine’s use of restrictive measures in relation to our products (cement, gas concrete block) also had a negative impact on the volume of mutual trade,” Sokol said.
The diplomat said that Ukraine is a significant, strategic trade and economic partner for Belarus.
“Ukraine is now in second place, but God willing that someday it will become our first trade and economic partner. Among Ukraine’s trade partners, Belarus is fourth along with such developed and economically strong states as Germanyвз. That says a lot,” he added.
Sokol also recalled that the Ukrainian-Belarusian trade is estimated in billions of U.S. dollars, and over the past year amounted to $5.8 billion.
“Now the task in the mutual trade turnover of our countries is to restore those positions that existed before the pandemic, to preserve everything that was о up in previous years,” he said.
At the same time, the ambassador said that Ukraine and Belarus did not stop working on the bilateral trade and economic track, even during the pandemic.
“Of course, at the initial stage in March-April, diplomats did not go anywhere, but gradually the work comes to life both in our country and in Ukraine. Our workers, who are involved in various projects in Ukraine, come to your country, our equipment arrives. Yesterday I was in Zhytomyr and participated in the transfer of five new trolleybuses for the city. Last week I participated in the launch of trolleybuses manufactured jointly by Ukraine and Belarus for Kryvy Rih,” he said.

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