
© Gleb Garanich / ReutersUkranian President Petro Poroshenko
The Ukrainian president, Pyort
Poroshenko, described the year old agreement of association between Ukraine and the European Union as a "victory over Russia". The Ukrainian leader made such a statement during the forum of the international organization Yalta European Strategy that took place in Kiev. These remarks come as Poroshenko looks for reasons that voters should re-elect him in upcoming elections.
"I can see that we have defeated Russia, and for more than a year the association agreement between Ukraine and the European Union has entered into force. The EU's share of exports ranges from 42 to 43%, rapidly approaching 50% which considerably offsets the losses caused by Russia," Poroshenko wrote on his Twitter account.
Over the past few years Kiev has been pursuing a policy of replacing imports of Russian-made products. Meanwhile, data from the Russian Federal Customs Service previously indicated that the volume of trade between Russia and Ukraine in the period between January and May 2018 was $5.838 billion, with an increase of 28.7% over the previous year. In addition, according to the State Statistics Office of Ukraine, Russia is the largest investor in the Ukrainian economy, having contributed with 36% of all foreign investment in Ukraine.
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