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Poroshenko: Ukraine has lost up to 20% of the industrial potential

Порошенко: Украина потеряла до 20% индустриального потенциалаThe Ukrainian President stated that most of the aggression suffered by the Ukrainian industry.

Ukraine has lost up to 20% of industrial capacity as a result of Russian aggression. This was stated today by President Petro Poroshenko at the meeting of the regional development Council.

At the same time, according to Poroshenko, industrial growth ceased three years before the beginning of the Russian aggression in 2011. “And I don’t know if we turned finally into a positive this multi-year negative trend. Moreover, the consequences of the so-called blockade of Donbass, this present blow to Ukraine in the first place will have an impact on this industry, in the industry,” he said.

“Three years ago the default and complete collapse seemed inevitable. Then the economy is simultaneously hit by the war, the closure of the Russian market and the fall in world prices for key products of Ukrainian exports,” he said.

Under these conditions, Poroshenko noted that the government was unpopular steps. “I have repeatedly apologized for the forced solution, although I understand that most, perhaps, to excuse and not ready – it was too painful. But these difficult decisions helped to reverse the trend,” he said. Poroshenko noted that Ukraine’s GDP at the end of 2016 increased by 2.2% in the fourth quarter the growth accelerated to nearly 5% per year. In 2015, he said, the economy fell by 10%.

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