Polish exports to Russia and Ukraine to drop by 20-25% - Piechociński
“The accumulated effect of all the negative factors which we are able to notice at the moment makes for an expected slowdown of exports to Russia at the level of 20-25 percent,” Poland’s Deputy PM Janusz Piechociński told the Polish Press Agency in an interview.
“A similar decline should be expected in relation to FY data on trade with Ukraine,” he added. “But in this case the predictability of the result is much lower as the forecast is burdened by a significant degree of uncertainty as to further developments in the social and economic situation in Ukraine,” he added.
Polish exports to Russia in 2013 amounted to USD 10.8 billion and to Ukraine - $5.72 billion, according to data from the Central Statistics Office.
Polish exports to Russia in the year to March 18 fell by around 7.3 percent year-on-year to some $2.17 billion, according to the Economy Ministry's estimates. Exports to Ukraine in the same period fell 6.3 percent y/y.
