In Minagro assessed the implications of the Russian ban on the import of Ukrainian goods

В Минагро оценили последствия российского запрета на ввоз украинских товаров

В Минагро оценили последствия российского запрета на ввоз украинских товаров

The introduction of Russian sanctions prohibiting the import of Ukrainian agricultural products will have little impact on Ukraine. Russia, this trade war actively pursuing since 2012, reducing the Ukrainian SEL since that time, 20 times.

About this informed the Agency Interfax-Ukraine the Ministry of agrarian policy and food. Officials indicate that the introduction of Russia’s embargo on agricultural products will have a minimal impact on Ukraine, as exports to Russia fell from $2.1 billion in 2011 to $116,6 million in 2017. In 2018 the volume of deliveries of agricultural products to Russia continued to decline and totaled $92.6 million, the Share of Russia in total exports of the agricultural sector decreased from 11.5% in 2012 to 0.65% in 2017. At the same time, losing the Russian market, Ukrainian producers have diversified their supply, and even increased its exports. So, in 2011, Ukrainian agroeksport exports were at $13.1 billion, in 2017 — $17,96 billion and over 11 months 2018 more than $17 billion In the top 3 of the countries-exporters of the Ukrainian agricultural products in 2018 includes India ($1.66 billion), China ($1.02 billion) and the Netherlands ($0,995 billion).

We will remind, on December 29 by Prime Minister Dmitry Medvedev signed the decree on ban on imports of more than 40 Ukrainian goods.

Earlier on 22 October, Russian President Vladimir Putin signed a decree on the introduction of new “special economic measures” against Ukraine. The restrictions were imposed in connection with the “imposition of restrictive measures against the citizens and legal entities of Russia.”

November 1, Russian Prime Minister Dmitry Medvedev signed a decree on the introduction of sanctions against Ukraine. The list includes 322 individuals and 68 entities. Later it became known that Russian sanctions may get more than three hundred Ukrainian companies.

December 26, the national security Council and defense of Ukraine has imposed sanctions in response to Russian aggression in the area of the Kerch Strait. The new restrictions will affect members of the State Duma of the Russian Federation and enterprises that help the Russian army.

In late December, the Russian government expanded the list of persons and organizations of Ukraine, against which the Kremlin imposed new sanctions. It was added more than 200 people and organizations. In total, the list included 245 individuals and companies.