Ukrainian Foreign Minister Andriy Sibiga stated that Kyiv wants to restore pre-war levels of bilateral trade with Azerbaijan, which currently stands at about $600 million.
According to a correspondent for “Interfax-Ukraine,” Sibiga made this remark at a joint press conference with his Azerbaijani counterpart, Jeyhun Bayramov
“We have set ourselves the goal of returning to pre-war levels in terms of trade. We have now reached about $600 million,” said the minister.
In this context, the foreign ministers agreed to work toward holding the next meeting of the Ukrainian-Azerbaijani Intergovernmental Commission on Economic Cooperation in Ukraine.
The parties held detailed talks on the bilateral and international agenda, Ukraine’s preparations for the winter season, and strengthening energy security in the region.
“Over the past year and this year, we have seen a new dynamic in the strategic partnership between Ukraine and Azerbaijan, with increased contacts at all levels. We view your visit as yet another element of this new and positive dynamic,” noted the Ukrainian diplomat.
The parties paid particular attention to the development of mutually beneficial economic, investment, and humanitarian cooperation. Sibiga stated that Ukraine values investments by Azerbaijani companies and looks forward to expanding their presence and implementing new joint projects.
The diplomats also discussed regional security issues in the South Caucasus and the Middle East. Andriy Sibiga briefed his Azerbaijani counterpart on Ukraine’s peace efforts and highlighted Azerbaijan’s important role in promoting peace and ensuring regional stability.
“We appreciate Azerbaijan’s principled stance in support of Ukraine’s territorial integrity and sovereignty. Ukraine has also always supported and continues to support Azerbaijan’s sovereignty and territorial integrity. This is a constant in our relations,” emphasized the head of Ukraine’s Ministry of Foreign Affairs.
Sybiga expressed gratitude to Azerbaijan, President Ilham Aliyev, and the entire Azerbaijani people for their assistance to Ukraine from the very first days of the full-scale invasion.
“The restoration of civilian infrastructure in Irpin, humanitarian aid, equipment for energy facilities, and much more. We will always remember this,” he assured.
In January–July 2026, Ukraine imported machinery, equipment, and vehicles worth $25.7 billion, accounting for more than 44% of the country’s total merchandise imports, according to the State Customs Service.
The second-largest category was fuel and energy products, with imports totaling $8.5 billion, followed by chemical industry products at $8 billion.
Collectively, these three commodity categories accounted for $42.2 billion, or about 73% of Ukraine’s imports over the seven-month period.
During customs clearance of machinery, equipment, and vehicles, 145.5 billion UAH in customs duties were paid to the state budget, accounting for 28% of the corresponding revenue.
Fuel and energy products accounted for 172.7 billion UAH, or 34% of customs duties, while chemical products accounted for 66.5 billion UAH, or 13%.
Thus, the three largest import categories accounted for about 75% of customs duties.
Total imports of goods into Ukraine in January–July rose by 26.6% compared to the same period last year—to $58.1 billion.
The largest supplier countries were China with $16.8 billion, Poland with $5.5 billion, and Germany with $3.8 billion.
Ukraine’s trade deficit in goods for January–July 2026 amounted to approximately $34 billion, compared to $22.7 billion for the same period in 2025, according to calculations based on data from the State Customs Service (SCS).
Thus, the merchandise trade deficit for the year increased by approximately $11.3 billion, or nearly 50%.
Imports of goods into Ukraine over the seven-month period rose by 26.6%—to $58.1 billion from $45.9 billion a year earlier—while exports increased by only 3.8%—to $24.1 billion from $23.2 billion.
The export-to-import ratio, calculated based on GTS data, fell to approximately 41.5% from 50.5% in January–July 2025.
The bulk of imports consisted of machinery, equipment, and transportation vehicles—$25.7 billion; fuel and energy products—$8.5 billion; and chemical industry products—$8 billion. Collectively, these three groups accounted for about 73% of total merchandise imports.
Food products remained the leading export category at $14.1 billion. Metals and metal products totaled $2.5 billion in exports, while machinery, equipment, and transportation vehicles totaled $2.1 billion.
The largest suppliers of goods to Ukraine were China ($16.8 billion), Poland ($5.5 billion), and Germany ($3.8 billion).
The main markets for Ukrainian exports were Poland ($2.8 billion), Turkey ($2 billion), and Germany ($1.5 billion).
Poland remained the largest market for Ukrainian exports and the second-largest supplier of goods to Ukraine during January–July 2026, according to data from the State Customs Service.
Ukraine exported $2.8 billion worth of goods to Poland, while Polish exports to the Ukrainian market totaled $5.5 billion.
Thus, the total trade volume between the two countries over the seven-month period reached approximately $8.3 billion.
Ukraine’s bilateral trade balance in goods was negative by approximately $2.7 billion.
Poland accounted for about 11.6% of Ukraine’s total goods exports and approximately 9.5% of its imports.
Turkey became the second-largest market for Ukrainian goods, with exports totaling $2 billion, while Germany ranked third with $1.5 billion.
In terms of the volume of imports into Ukraine, China took first place by a wide margin, with $16.8 billion. Germany ranked third after Poland, with $3.8 billion.
Overall, Ukraine’s merchandise imports for January–July rose by 26.6% to $58.1 billion, while exports increased by 3.8% to $24.1 billion.
According to “Serbian Economist”, Ukrainian President Volodymyr Zelenskyy will pay an official visit to Serbia on August 8 and meet with Serbian President Aleksandar Vučić in Belgrade. The Serbian president’s press service has officially confirmed the visit. This will be Zelenskyy’s first visit to Serbia during his presidency.
A detailed agenda for the talks has not yet been published. However, judging by the contacts between Belgrade and Kyiv in recent months, the central topics are likely to include bilateral relations, the European integration of both countries, the expansion of economic cooperation, a possible free trade agreement, regional security, and Serbia’s participation in Ukraine’s reconstruction.
In May, Zelenskyy and Vučić had already discussed the development of bilateral relations over the phone. At that time, the Ukrainian president placed particular emphasis on resuming negotiations on a free trade zone with Serbia. Vučić, for his part, cited economic cooperation as one of the key areas for further rapprochement between the two countries.
Following this, talks between representatives of the two countries’ governments took place in Belgrade. On May 21, Serbian Minister of Domestic and Foreign Trade Jagoda Lazarević and Ukrainian Deputy Prime Minister and Trade Representative Taras Kachka signed a joint statement on the continuation of negotiations on a free trade agreement. At the same time, a Serbian-Ukrainian business forum was held with the participation of representatives from about 30 companies.
The upcoming visit continues a noticeable revival of political contacts between Belgrade and Kyiv.
In June 2025, Vučić visited Ukraine for the first time since the start of the full-scale Russian-Ukrainian war, taking part in the “Ukraine–Southeast Europe” summit in Odesa. At that time, he reaffirmed Serbia’s support for Ukraine’s territorial integrity and offered Serbia’s participation in the reconstruction of one or more Ukrainian cities or regions.
On July 15, 2026, Vučić was in Ukraine again—for the 5th “Ukraine–Southeast Europe” summit in Kyiv.
At the same time, Serbia’s position on the war remains unique. Belgrade supports Ukraine’s territorial integrity and has voted in favor of a number of relevant international documents, provides humanitarian aid, but has not joined the EU sanctions against Russia. Vucic has also repeatedly avoided signing certain regional declarations insofar as they called for increased pressure on Moscow.
Therefore, the very fact of the Ukrainian president’s visit to Belgrade carries political significance: Serbia is attempting to simultaneously maintain traditional relations with Russia, develop relations with Kyiv, and continue its path toward EU membership.
Another topic of discussion could be the new regional Carpathian Initiative proposed by Ukraine. Zelenskyy has previously stated that Serbia, in particular, is planned to be involved in the initiative, and cooperation could cover the economy, logistics, security, tourism, and Ukraine’s reconstruction.
The economic aspect of the visit is particularly relevant against the backdrop of the resumption of bilateral trade.
According to official data from the Serbian Ministry of Foreign Affairs and the country’s Statistical Office, trade between Serbia and Ukraine totaled 391.8 million euros in 2025. Serbia exported goods worth 179.6 million euros to Ukraine and imported Ukrainian products worth 212.2 million euros. Thus, the trade balance remained in Ukraine’s favor by approximately 32.6 million euros.
In dollar terms, according to Marko Čadež, president of the Serbian Chamber of Commerce and Industry, bilateral trade reached $442.2 million, practically returning to the level of the last pre-war year, 2021. Serbian exports totaled $202.9 million, while Ukrainian exports to Serbia amounted to $239.3 million. About 900 Serbian companies conduct trade with Ukraine, including approximately 670 that import Ukrainian goods.
According to Dw.com, German law enforcement authorities detained a 33-year-old Ukrainian citizen suspected of gathering information about a defense contractor in Bavaria to prepare for possible sabotage.
As reported on August 6 by the Munich Public Prosecutor’s Office and the Bavarian State Criminal Police Office, the man was detained on August 2 in the federal state of Thuringia with the assistance of local police. The following day, a Munich district court issued an arrest warrant, after which the suspect was placed in a pretrial detention center in Bavaria.
According to the investigation, in June 2026, the man allegedly photographed the premises of a defense contractor in southern Germany and transmitted the images to his client. German law enforcement officials suspect that this material could have been used to prepare acts of sabotage.
The suspect is considered a so-called “low-level agent.” German security agencies use this term to describe individuals whom foreign intelligence services may recruit to carry out specific, straightforward tasks, such as photographing facilities, conducting surveillance, or gathering publicly available information.
The prosecutor’s office has not disclosed which country’s intelligence service may have recruited the man. The name of the defense contractor is also being withheld due to the ongoing investigation.
In Germany, suspicion of espionage aimed at preparing acts of sabotage carries criminal liability. The investigation is currently ongoing, and the detainee’s guilt has not been established by a court.
German security agencies have previously warned of an increase in attempts by foreign intelligence services to recruit operatives via social media and messaging apps. Defense companies, military facilities, and transportation and energy infrastructure were cited as potential targets of such operations. At the same time, law enforcement officials have not yet officially linked the new arrest to a specific country or other investigations.
