Ukrainian exporters will lose $800 million due to the abolition of “trade visa-free regime,” — NBU
6.06.2025 - 11:22
Due to the cancellation of the “visa-free trade” with the European Union, Ukrainian exporters will lose approximately $800 million by the end of the year.
Forbes Ukraine reports this with reference to the Deputy Chairman of the NBU, Serhiy Nikolaychuk.
Thus, from June 6, the EU is restoring pre-war trade conditions with Ukraine, in particular, customs quotas for a number of goods. According to the NBU, net losses from exports, taking into account trade above quotas and reorientation to other markets, from June to December will amount to about $800 million. According to Nikolaychuk, these losses will significantly affect the balance of payments and the foreign exchange market, but will not be critical. They can also be compensated for using currency and monetary policy instruments.
From June 6, the EU is returning to the terms of the free trade agreement with Ukraine. It includes more than 30 customs quotas, in particular for corn, eggs, sugar, oats, poultry meat, etc. Exports of these products above the quota will again be subject to duties. “If supplies are made within the quotas, this will significantly affect exports,” Nikolaychuk noted.
Earlier, USM reported that the EU had announced quotas for Ukrainian agricultural products until the end of 2025.
