Ukraine’s exit from the Russian market meant the loss of $15 billion in exports, Ukrainian President Petro Poroshenko told parliament.
“When Russia aggressively shut access to its market, that became an economic shock for us,” Poroshenko said on Sept. 6. “This economic aggression caused a sharp decline in the country’s standard of living. In recent years the volume of our exports to Russia declined five-fold. At present the share of Ukrainian exports to Russia is nine percent, with the tendency for a further decline.”
