Highlighting Russia’s unreliability as a trading partner for Ukrainian exporters
Highlighting Russia’s unreliability as a trading partner for Ukrainian exporters, the ban is expected to spur further market diversification. With China-Ukraine trade growing by 20% a year, China may displace Russia as Ukraine’s largest national trading partner by 2020. Already, the EU as a group is Ukraine’s largest bloc trading partner, accounting for 40% of Ukraine’s foreign trade. Last year, Russia exported to Ukraine $7.2 billion worth of goods – almost double the amount of Ukrainian goods bought by Russia — $3.9 billion.