Ukraine cuts export from Russia twofold and increases from Belarus

• 4.12.2014, 15:11

The import from Russia to Ukraine fell twofold, and the export declined by one third.

The State Fiscal Service of Ukraine (SFS) reports a 50% decline in the import of goods from Russia to Ukraine in 2014, SFS head Anatoliy Makarenko said at a briefing on Thursday, Interfax-Ukraine reports.

According to him, the customs service noticed a 5% increase in the export of goods to the EU.

“The volume of the taxable import in January-November 2014 has fallen 20% in the dollar terms. The reduction in the import from Russia was 50%, and the export to Russia fell 32%,” he said.

According to Makarenko, the export to the CIS countries and Asia has reduced 31% and 8% respectively.

The import from the EU to Ukraine fell 22%, from the CIS countries – 42%.

“It's worth noting that the import from Belarus has increased 12%,” he added.