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 Cut in exports to Russia may result in up to $600 million losses, - Ministry of Economic Development and Trade

Due to embargo imposed by the Kremlin and a drop in exports to the Russian Federation, Ukraine's lost revenues may range from $450 million to $600 million.

Ukraine's Trade Representative Natalia Mykilska said in an interview with Yevropeiska Pravda, Censor.NET informs.

At the same time, $600 million is the upper limit.

"Our preliminary assessment of export reduction is a maximum of $600 million," she said.

Read more: Ukraine quits Russian FTA, raises duties, and introduces trade embargo, - PM Yatseniuk

"But given the dynamics of export reduction in 2015 (among other things due to Russia's restrictions imposed on certain goods), we are talking about approximately $450 million," Mykilska explained.
 
 
 
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