You're reading: Ambassador: global financial crisis has no serious impact on Kazakh-Ukrainian trade

Ukraine's ambassador to Kazakhstan Nikolai Selivon says that the trade between Kazakhstan and Ukraine suffered from no significant impact of the financial crunch.

“For the last four years the bilateral trade increased more than
four times and reached, according to Kazakh statistics, $4.2 billion.
Obviously the world financial crisis has had some influence, but a very
slight one, since the drop in the world trade was 40%-50%, while our
countries saw just a 7.5% decline,” he told the Kazakhstanskaya Pravda
newspaper on Friday.

Such robust trade signifies that “we supply each other with vital
goods.” Ukraine, he added, “comes second after Russian in the trade
with Kazakhstan among CIS countries and ranks 5th among 166
Kazakhstan’s world partners.”

Selivon stated that the heads of states set a target of reaching $10-$15 billion in bilateral trade.

He also said that a big contribution to the development of cultural
ties is made by 424,000 Ukrainian community living in Kazakhstan.