Economy

Ukraine will lose almost ₴8 billion from Poland’s border blockade

If the problem of blocking the Polish-Ukrainian border is not resolved by the end of the month, Ukraine’s budget will lose ₴7.7 billion in revenue. As a result, Ukraine is considering banning imports of Polish dairy products and fruits in response to the border blockade, Forbes reports. The authorities may make a decision within the next two weeks.

However, European farmers believe that farmers from countries bordering Ukraine are currently selling their products at prices that are about 40% lower than the standard market price, and thousands of farms are facing bankruptcy.

In turn, Polish Prime Minister Donald Tusk said that he plans to address the issue of “unequal competition” with agricultural products coming from Ukraine at the EU level.

Instead, the Ministers of Agricultural Policy of Ukraine and Poland agreed on the need to resolve the situation as soon as possible, taking into account the interests of both countries. Negotiations will continue this week.

As of February 17, the Poles were blocking six border crossing points and about 3,300 trucks were queuing up.

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