Turning West: EU market compensates Ukraine's trade losses dealt by Russia - Poroshenko

13:12 Nov. 21, 2016

EU market compensates Ukraine's trade losses dealt by Russia - Poroshenko

Ukraine's President Petro Poroshenko poses with European Commission President Jose Manuel Barroso,and European Council President Herman Van Rompuy

Russia dealt a huge blow upon Ukraine's economy, but it has managed to recover, the Ukrainian president says

The EU market compensates the losses that the Ukrainian economy suffers from the Russian aggression, the Ukraine's president Petro Poroshenko claimed on Monday. 

According to Poroshenko, Ukraine suffers a huge blow from Russia's military aggression, closing its market and blocking transit to the third countries. Nevertheless, the EU-Ukraine free trade deal is already compensating losses in exports and imports, the Ukrainian leader said during the celebration of the third anniversary of the 2013-2014 Revolution of Dignity beginning. 

Read also Revolution of dignity tallies up Russian-Soviet past - Poroshenko

"The Associaton agreement with the EU has already started giving results. The European Union's share in our external trade constitutes over 41%. The EU marked steadily starts compensating the giant blow upon the economy, social services and living standards, that was dealt by Russia with starting a war against us, closing the access  to its market for the Ukrainian goods and blocking transit to the third countries", Poroshenko noted. 

Read also Martial law was not introduced in the name of democracy - Poroshenko

As reported previously, on November 21st, Ukraine celebrates the 3rd anniversary of the Euromaidan revolution beginning. 

comments powered by Disqus


News15:27 Dec. 4, 2016
Shootout during a Spec Op: 5 policemen dead
News16:00 Nov. 28, 2016
Suspension mechanism to be dicussed on November 29 - RFE/RL
News12:15 Nov. 25, 2016
Record number of ceasefire violations in Donbas since 2014 - OSCE
News18:40 Nov. 24, 2016
Iraq suicide attack: at least 80 killed
News18:27 Nov. 24, 2016
European Council president speaks Ukrainian at Brussels summit
Subscribe to receive regular email updates about Ukraine and Eastern Europe