Ukraine’s tax revenues exceed expectations by 30% due to sea exports.

Tax revenues in Ukraine are now 25-30% higher than forecasted in the state budget, primarily due to the successful functioning of the export corridor created by Ukraine in the Black Sea, Minister of Infrastructure Oleksandr Kubrakov said at the Munich Security Conference.

According to him, there was an increase in the volume of goods that Ukrainian railways delivered to seaports. He emphasized that it is necessary to develop and increase the capacity of existing export routes along with the opening of new border crossings.

Kubrakov pointed out that work is currently underway to join Ukraine to the Trans-European Transport Network (TEN-T). The construction of the first track built to European standards in Poland’s direction will begin this year and will connect the Ukrainian system with the European one.

Due to the sea corridor’s expansion, iron ore exports from Ukraine exceeded three million tons in January, which is 90% more than in previous months. The export of ferrous metals and their products also increased by 37%.