Ukrainian currency exchange rate not to change due to Russian sanctions on exports, - National Bank

Source : 112 Ukraine

Changes in logistics mechanisms might affect the exchange rate a little, the Bank Head says
15:58, 25 April 2019

Open source

The National Bank of Ukraine does not expect any considerable influence of Russian export sanctions on the exchange rate of hryvnia, the country's national currency. National Bank Head Yakiv Smoliy said that as quoted by Interfax-Ukraine.  

'Yesterday, we discussed the possible influence of Russia-imposed sanctions on the energy carriers, and the way it can affect prices. We assumed that Ukrainian diesel fuel suppliers can re-direct to other markets. There should be no considerable effect', reads the message.  

Related: Russia bans export of petroleum, petroleum products to Ukraine

According to Smoliy, this year, the changes in logistics mechanisms might affect the exchange rate and prices a little. 

Deputy Head of the Bank Dmytro Solohub added that most of the exported goods are not directly banned; instead, they must undergo licensing.

The National Bank of Ukraine does not expect any effect on the pre-electoral cycle on the economic situation in Ukraine.

Related: Belarus suspends light fuel products export to Ukraine, Baltics, Poland

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