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  • Wary of possible Russian sanctions, Ukrainian enterprises choose the EU

    19.01.2015

    19_01_2015_BTS_UA_lMost Ukrainian industrial enterprises support the European direction in the country’s economic integration. This has been shown by the survey of the Kyiv based Institute for Economic Research and Policy Consulting.The percentage of the enterprises that opt for economic integration with Russia and other CIS countries has shrunk almost three times compared to 2013. Yet, some in the Ukrainian industrial sector are concerned about possible Russian sanctions in case Ukraine pursues closer trade relationships with the EU.

    More than half (54,5%) of the 314 industrial enterprises polled by the Institute for Economic Research and Policy Consulting in October 2014 consider the European Union as the priority direction for Ukraine’s economic integration. This is shown in the special report by the Institute that studies the results of the surveys of the industrial enterprises conducted in 2014. Only 11.2% of the industrial producers include Russia and other countries of the Commonwealth of the Independent States (the CIS) in the priority directions for economic integration. The share of such enterprises has contracted almost three times compared to 2013 when they comprised 29.6% of the sample.

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