You're reading: Abromavicius says Ukrainian enterprises will lose $0.8-1.1 billion in revenues from Russian trade restrictions in 2016

Ukrainian enterprises will lose $0.8-$1.1 billion in revenues in 2016 from the trade restrictions imposed by the Russian Federation, Ukrainian Economic Development and Trade Minister Aivaras Abromavicius said in the Verkhovna Rada on Jan. 29.

“We expect Ukrainian enterprises to lose from $800 million to $1.1 billion as a result of the embargo, the most favored nation treatment and transit restrictions from Russia,” he said.