Poland overtakes Russia as Ukraine’s biggest trade partner

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Poland displaced Russia as the top buyer of Ukrainian goods in February according to the latest data available from Ukrstat, reports intellinews.com.

Russia has long been Ukraine’s main trade partner as the two economies remain intimately intertwined. However, relations have crumbled since the annexation of the Crimea in 2014 and trade has fallen thanks to numerous embargoes as the two countries are fighting an undeclared war.

Ukraine’s trade with Russia dropped 11% q/q in the first three months of this year to $2.4bn. Between January and March Ukraine sold $818mn worth of goods to Poland, compared to $759mn to Russia, according to a press release from the Customs Service.

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