Economy
trendsNBU expects fall in exports to Russia by 35% in 2014, by 40% in 2015
The National Bank of Ukraine (NBU) expects a reduction in exports of goods from Ukraine to Russia this year by 35%, NBU head Valeria Hontareva has said at the 11th YES forum in Kyiv.
"We forecast minus 40% next year," the NBU head said.
"Right now, our trade balance has deteriorated," the NBU head said stressing that the trade will be balanced as the result of the stand-by program with the IMF.
According to information earlier released by the Ukrainian State Statistics Service, the export of goods from Ukraine to Russia in the first half of 2014 went down 23.3%, or $1.74 billion, from 2013, and the import went down 14.4%, or $1.38 billion.
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