Business news from Ukraine

EXTENDED RUSSIAN SANCTIONS WILL AFFECT 1.3% OF UKRAINIAN EXPORTS

3 January , 2020  

The enhanced sanctions of the Russian Federation against Ukrainian goods will affect 1.3% of current exports of Ukrainian goods for January-September 2019, which in monetary terms is $31.2 million, and about 0.4% of current imports of Russian goods to Ukraine for the specified period, or $21.4 million, a source at the Ministry of Economic Development, Trade and Agriculture has told Interfax.
The largest restrictions regarding the ban on imports to Ukraine relate to the following items: boilers for central heating for $8.7 million, parts of pumps for $3.6 million, radiators for central heating with non-electric heating for $2.8 million.
The source noted that a significant part of goods that fell under the sanctions is industrial medical goods: plastic products for $6.5 million, pipes, tubes, hoses for $4.5 million, hygienic or pharmaceutical products from vulcanized rubber for $1.4 million, other products made of vulcanized rubber, except for hard, for $3.7 million.
At the same time, the ban on import to Ukraine of Russian paper and cardboard for recycling in monetary terms is estimated at $21.4 million. According to data of the State Statistics Service for the nine months of 2019, the volume of the Russian Federation in the total import of this item is 52.6%.
As for the supply of starch, in January-September 2019 this product was not exported to the Russian Federation.
“At the same time, there is a tendency to increase the use of EU tariff quotas for starch with a volume of 10,000 tonnes compared to 2016. During 2017-2019, the quota is used almost in full,” the source said.
The government of the Russian Federation by the resolution of December 16, 2019 expanded the list of goods prohibited for imports to Ukraine, supplementing it with the position “paper and cardboard for recycling.” In addition, the list of goods originating in Ukraine, which are forbidden for imports to the Russian Federation, was expanded.

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