Trade with Ukraine to drop by 40% - Piechociński

Deputy PM and Minister of Economy said that he expects Poland’s trade with Ukraine to drop by as much as 40 percent this year due to recent developments in Kiev. “In the last 25 years, Polish companies invested $ 1 billion in Kiev and now some them are closing their businesses there,” Piechociński said. According to the Ukraine’s interim government said the country needs $35 billion of aid to avoid default. Polish trade with Ukraine amounted to $ 7.83 billion in 2012, with Polish exports amounting to $ 5.27 billion.