Modern Aspects of Ukrainian-Russian Trade Relations Cover Image

Сучасні аспекти українсько-російських торговельних відносин
Modern Aspects of Ukrainian-Russian Trade Relations

Author(s): Daria Nasypayko, Olha Kotsiurba
Subject(s): National Economy, Supranational / Global Economy, Economic policy, Government/Political systems, Socio-Economic Research
Published by: Центральноукраїнський національний технічний університет
Keywords: export; import; foreign economic activity;

Summary/Abstract: The purpose of the article is to study the contemporary aspects of trade and economic relations between Ukraine and the Russian Federation.It has been researched that Ukraine's trade with the aggressor country is growing despite the military-political situation and mutual sanctions. Ukraine's trade with the Russian Federation is clearly characterized by a predominance of import operations over export operations. The geographical structure of Ukraine's foreign trade and economic relations, the structure of Ukrainian exports to the Russian Federation, and the structure of Russian imports to Ukraine are analyzed. The structure of exports suggests that the economy of the Russian Federation requires mainly Ukrainian raw materials, agricultural products or components for the development of its own industry. This indicates the competitiveness of the domestic processing, light, food industry. The main components of Ukrainian imports from Russia are strategic goods. If you look at the structure of Russian imports, in the first half of 2019, energy - oil, diesel, liquefied gas, coal and fuel for nuclear power plants - occupied the largest share there. The following are industrial products - ferrous metallurgy, chemical fertilizers, boilers, machines, reactors, polymers and plastics, inorganic chemistry products such as ammonia.The goal is to reduce dependence on the Russian Federation, as we have seen in recent years as a significant reduction in the share of imports. In July 2019, the Government of Ukraine continued to ban the import of a number of Russian goods by the end of 2020, including new product groups: construction materials, mineral fertilizers, woodworking and metallurgy, cars and trucks. Oil and petroleum products are the main product of import. But Ukraine can buy this raw material as well as natural gas in the EU countries.

  • Issue Year: 2019
  • Issue No: 3 (36)
  • Page Range: 63-68
  • Page Count: 6
  • Language: Ukrainian