REUTERS
Ukraine reduced foreign currency spending on fuel imports in 2020, to US$3.396 billion, which was 36% down against 2019.
Read also Coronacrisis: Ukraine cuts exports, imports of goods Fuel imports from Russia alone totaled US$1.227 billion, which accounted for 36% of overall spending on the imports, Ukraine's State Customs Service said on its website.
Fuel imports from Belarus amounted to US$1.216 billion (35.8%) and from Lithuania to US$395.8 million (11.6%).
Over the reporting period, US$557 million worth of fuel was imported from other countries.
In 2020, some 8.023 million tonnes of petroleum products was imported into Ukraine, which was 4.7% down from 8.427 million tonnes reported in 2019.
Background
- Foreign currency spending on imports of petroleum products into Ukraine in 2019 shrank by 6.7%, to US$5.315 billion, while shipments of fuel from abroad in 2018 grew by 31%, to US$5.5 billion.
- In April 2020, the price of Brent crude oil tumbled to a record minus US$20 per barrel over the coronavirus pandemic.
- By the end of December, its price rose to US$47 per barrel.
Author: UNIAN
