Ukraine will lose $6.6 billion in foreign trade due to port blockade and Russian attacks — NBU
6.11.2026 - 17:00
Intensification of Russian attacks on enterprises and infrastructure, together with the blockade of ports, will lead to a deterioration of Ukraine’s foreign trade balance by $6.6 billion in 2026.
This is stated in the October Inflation Report of the National Bank of Ukraine.
According to the NBU, the main reason for the deterioration of the foreign trade balance will be a decrease in agricultural exports.
The National Bank notes that the intensification of Russian shelling of enterprises and infrastructure, together with the blockade of seaports, has led to a sharp slowdown in economic activity and increased price pressure.
The cumulative negative impact of these factors in the III-IV quarters of 2026 will lead to the fact that Ukraine’s real GDP will be 1.9 percentage points lower than it could have been in the absence of attacks and the blockade of ports. At the same time, annual inflation will be 0.7 percentage points higher.
The NBU predicts that the negative consequences of Russian shelling for the economy and price dynamics will persist in 2027.
Earlier, USM reported that due to the blockade of ports, Ukrainian agricultural exports in the first half of August decreased to 30% of the potential volume. During this period, Ukraine exported 794 thousand tons of agricultural products.
