: Ukraine's transit to bypass Russia

19:24 May. 30, 2016

Ukraine's transit to bypass Russia

First cargo on ‘New Silk Road’ avoiding Russia  leaves Ukraine for China (UNIAN Photo)

Ukrainian authorities to create alternative routes 

The Ministry of Economic Development and Trade of Ukraine jointly with the Ministry of Infrastructure of Ukraine intend to provide Ukrainian exporters with alternative routes that would avoid Russia.

The initiative will also include the Chinese Silk Road Corridor, says Nataliya Mykolska, the Deputy Minister of Economic Development and Trade.

Read also The New Silk Road: Has Ukraine's bid to become a global trade hub proved successful?

"Our exporters suffer from aggressive actions of the Russian Federation against Ukraine aimed at the transit restrictions of Ukrainian goods to the third countries [countries outside the E.U] in the Eastern direction. That is why it is of major importance to provide Ukrainian companies with information about Government's actions aimed at the search for alternative routes and cost-cutting of the transit services," Nataliya Mykolska stated during the board meeting of Ukrainian exporters.

Ukraine's Minister of Infrastructure Volodymyr Omelyan highlighted the importance of the cooperation between the Government and business. Besides, he also discussed the problematic issues with the representatives of the export companies.

Watch UT's intreview with Vladyslava Rutytska: Ukraine's exports to benefit from new ‘Silk Road' bypassing Russia

During the meeting of the World Trade Council WTO [World Trade Organization], Ukraine demanded from Russia to eliminate all trade barriers, including the blocking transit.
Eight member countries of G-20 supported Ukraine, including the E.U., the U.S., Canada, Australia, Japan, Turkey, Switzerland and South Korea.

The Ministry of Economic Development of Ukraine studies the situation that concerns the obstacles Ukrainian exporters face when delivering goods to Asia and the Caucasus through Russia.

In February 2016, Ukraine and Russia blocked mutual cargo transit in terms of the bilateral sanctions. However, the negotiations between the countries resulted in the restoration of transit on February 25.

Read also New trade route connecting the E.U. and China will go through Ukraine and Central Asia

Ukraine's National Police determined the transit routes for the passage of the trucks from the Russian Federation. That is why the routes provide traffic both from and to Russia through checkpoints in Sumy and Kharkiv.

Ukraine has lost nearly USD 98 million of trading volume as a result of the illegal and discriminatory restrictions imposed by Russia in 2012-2015.

comments powered by Disqus


Business11:40 Oct. 19, 2016
Poland initiates new talks on supplying helicopters to army
Business10:02 Oct. 12, 2016
Construction of Turkish Stream to kick-off in 2018
Business17:36 Oct. 11, 2016
Airbus left fuming as Poland hands helicopter deal to Lockheed - Bloomberg
Business11:09 Oct. 11, 2016
Ukraine becomes global leader in flour exports
Business13:10 Oct. 6, 2016
Made in Ukraine: Belgian cheese
Subscribe to receive regular email updates about Ukraine and Eastern Europe