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Ukraine's finance minister warns of 'damaging' consequences if EU fails to renew duty-free trade deal

Photo by Robert Wiedemann / Unsplash

Ukraine's Finance Minister Serhiy Marchenko told the Financial Times that Ukraine could face "really damaging" consequences if the EU does not renew its duty-free trade deal.

Emergency European Union trade measures that lifted duties and quotas on Ukrainian exports are due to expire on June 5. Revenues from exports to the EU under those measures accounted for almost 10% of the country's $41 billion export revenue in 2024, the report said, citing government data

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