International trade was equal to 65% of Ukraine’s GDP in 2020, totaling to $102.9 billion of goods exchanged with countries around the world.
In 2014, Russia’s annexation of Crimea contributed to a 30% year-over-year drop in Ukraine’s 2015 trade value ($75.6B). Now, Ukraine’s international trade has been irreversibly disrupted since Russia’s full-scale invasion on February 24th, 2022.
The modern state of Ukraine was formed nearly 30 years ago after the collapse of the Soviet Union in 1991. Since then, the country has often made headlines due to political instability and the looming threat of a Russian invasion.
Vladimir Putin has told Emmanuel Macron that Kyiv’s “refusal to accept Russia’s conditions” means he will continue to pursue his war in Ukraine, the Élysée palace has said, adding: “We expect the worst is yet to come.”
