Kyiv can bite out 1.4% of GDP in the Russian economy

The Russian government says that the deterioration of trade ties with Ukraine is a problem for the economy. Before the start of the last crisis in the relations of the two countries, the Russian exports to Ukraine amounted to $ 27-29 billion a year. Now part of this money can be recorded in losses, writes "Independent Gazeta" .

Two -thirds of pre -crisis exports occurred in gas, oil and oil products. In addition, Russia supplied Ukraine with high -tech equipment, chemical products and metallurgy. In Kyiv, they have already stated that the country is ready to refuse gas procurement in Russia. All military-technical cooperation with the Russian Federation has already banned.

The share of Ukraine in the foreign trade turnover of Russia is now about 4-5%. At the same time, Ukraine is the largest partner of Russia in the CIS. It accounts for 31.5% of Russia's trade turnover with the CIS countries.

So far, however, the probability of termination of economic ties with Ukraine is evaluated by experts as low. There is a hope that Ukraine will not go to a complete break in trade relations with the Russian Federation. For example, Poroshenko’s loud statements about the abandonment of Russian gas can be regarded not as a final decision, but only as an attempt to scare Moscow.

Ukraine is also attached not only to Russian energy resources, but also to the ability to export its own products to Russia. So, for Ukraine, it is the Russian Federation that is the largest market.

However, the newspaper notes, all this is only the hopes of the conspiracy of Kyiv, which may well not be justified. If the Ukrainian market is closed, then the loss of the Russian Federation up to 1.4% of GDP is not excluded - this is how much in relation to GDP is all Russian exports to Ukraine.

Losses will have to be compensated by the redistribution of export flows.