The blockade of the Polish border will cost Ukraine $400 million a year

Published 2024년 4월 4일

Tridge summary

The blockade of the Polish-Ukrainian border by Polish farmers is leading to significant economic repercussions for Ukraine, with potential annual financial losses estimated at $400 million. This situation stems from decreased agricultural exports and diminished budget revenues, as outlined by Ukraine's Deputy Minister of Agrarian Policy and Food, Taras Vysotskyi. The blockade has disrupted trade, causing long queues at the border and directly affecting around 400 trucks. Despite these challenges, there are signs that both Ukrainian and Polish representatives are working towards a resolution through negotiations, aiming to mitigate the financial impact on Ukraine, which is currently facing losses of 6 to 9 billion hryvnias per month.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The blockade of the Polish-Ukrainian border may cost the Ukrainian budget $400 million per year due to a lack of budget revenues and reduced exports. This was announced by Deputy Minister of Agrarian Policy and Food of Ukraine Taras Vysotskyi on the air of the telethon. According to him, the maximum loss calculation will reach $400 million due to the decrease in the volume of exports of agricultural products from Ukraine and the blocking of trade. The deputy minister added that the latest negotiations showed that the Ukrainian and Polish sides can interact. It should be noted that now the Poles continue to block three checkpoints on the Ukrainian border, and there are currently about 400 trucks in the queues. The first thing we see is that two-way trade is blocked. Including imports. We systematically have the calculations of the Ministry of Finance, which show that from 6 to 9 billion hryvnias per month are lost by the budget due to lack of income. It can be a matter of several ...

Source: Agropolit