Over the past 5 years, bilateral trade between Russia and Ukraine has dropped significantly, which is why Ukraine has left the top 5 largest trading partners of the Russian Federation. This was reported by the Russian Kommersant, citing Russian customs statistics.
The publication notes that in 2014, the trade turnover between Russia and Ukraine decreased threefold – from $ 18.5 billion to $ 6.9 billion. At the same time, Ukraine ceased to be one of the largest trading partners of the Russian Federation, and Kazakhstan took its place instead.
It is noted that over the past 5 years, Russia has reduced trade volumes by 20%. One of the key reasons for this is the fall in world oil prices, which causes the Russian economy three times as much damage as Western sanctions.
On the eve, it became known that the trade between Ukraine and the EU countries for the first 7 months of 2019 increased by 6% – up to $ 26.23 billion. Trade with the CIS countries, on the contrary, decreased by 3% – to 10.91 billion dollars.