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Ukreximbank chairman sees reasons for optimism in Ukraine

Oleksandr Hrytsenko, chairman of the board of Ukreximbank JSC, explains how the bank is supporting both domestic and foreign businesses in Ukraine as they reposition away from traditional markets. 
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Q: How have the geopolitical events of the past few years affected the Ukrainian economy and business community?

A: Russia’s annexation of Crimea and its subsequent intervention in eastern Ukraine, together with a trade embargo and transit barriers, have had a negative impact on the Ukrainian economy and individual businesses. Many Ukrainian enterprises have been hard hit by the current crisis [due to their] relations with Russia. Some businesses physically lost production facilities (those located on territories beyond the control of Ukrainian authorities), while some exporters lost access to their traditional markets.

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