politicians reached a political compromise in the form of a revote, Ukrainian companies involved in foreign trade are beginning to feel the impact of market uncertainty.
The Director of Economic Programs of Kyiv-based Razumkov Center for Economic and Political Studies Volodymyr Sidenko claims there has been a tendency of reviewing contract terms for Ukrainian companies, and in most cases, foreign entities now require a 100 percent down payment on imports into Ukraine.
As for export operations, Sidenko notes that they’ve significantly decreased, partly because pre-election statistics were inflated and in some cases capital used to finance the elections were disguised as exports. The other reason for the decrease, Sidenko said, can be explained by the potential wariness of foreign companies to engage in the Ukrainian market. In some cases companies prefer to avoid buying goods from Ukrainian companies altogether, at least for the time being.