Bankrupt Ukraine Says Russia Sanctions Have Cost Her $1 Billion This Year
For comparison's sake the entire budget of Ukraine is about $30 billion
Ukraine’s losses from restrictions in economic cooperation with Russia are estimated at $900 million in 2016, Ukrainian Deputy Minister of Economic Development and Trade Natalia Mikolskaya said on Monday.
"According to our estimates, this year we will have losses of $900 million," UNN news agency quoted her as saying.
"In this context, the European Commission has agreed to offer additional trade preferences to Ukraine," she said, adding however that these funds are not enough "to cover even the tenth of Ukraine’s losses" as its earnings from trade with the European Union will amount to mere $150-200 million.
"We are somewhat disappointed that we have not been granted access to all major commodities important for our economy," she said. "It is important for us to speed up discussion on the regulations as each passing day brings losses for us."
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