Ukraine’s losses from the border blockade have reached ₴20B: Though the EP will continue free trade with Ukraine, the EU is tightening export controls.

The profile committee of the European Parliament plans to continue the free trade zone with Ukraine this week, said Deputy Minister of Agricultural Policy of Ukraine Taras Vysotskyy. He added this is strategically important for Ukraine, as it will provide confidence and a planning horizon for domestic manufacturers. The potential position of the EU and, in particular, of the Polish protesters, depends on this agreement.

“After all, the economies of both countries are suffering. In February, due to the blockade, Ukraine’s budget did not receive ₴8B ($210M), and since November last year, losses are estimated at ₴20B ($520M),” said Vysotskyy.

Meanwhile, the EU plans to strengthen monitoring compliance of agreements with Ukrainian grain carriers.

“We must make sure that the carriers do not violate the terms of the agreements, that they can only carry out bilateral operations that they have the right to transit,” said European Transport Commissioner Adina Valean.