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Ukraine short of $15 bln from loss of Russian market — economy minister

November 30, 16:08 UTC+3 KIEV

Ukraine has to refocus on new sales markets, such as the EU, North Africa and Asia

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© Alexandr Demyanchuk/TASS

KIEV, November 30. /TASS/. Ukraine has lost about $15 billion since 2014 after losing the Russian market, Ukrainian Economy and Trade Minister Stepan Kubiv said on Thursday.

"Having lost the traditional sales markets for the Ukrainian goods and at that time we were oriented towards the Russian market, we sustained a loss of about $15 billion," the UNIAN news agency quoted him as saying.

Ukraine has to refocus on new sales markets, such as the EU, North Africa and Asia, the minister said.

The minister also noted that Russia was among the ten largest buyers of Ukrainian goods and the share of the Russian market in the structure of Ukraine’s exports totaled 9.4% in January-September 2017.

In 2013, Russia was Ukraine’s key trade partner with a trade turnover of $38.2 billion.

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