Ukraine’s imports from Iran up 30%: Official

Tasnim – The president of the Chamber of Commerce and Industry of Ukraine said the Eastern European country’s imports from Iran increased by 30 percent in 2016 compared to a year earlier.

Speaking at the Ukrainian-Iranian business forum, Gennadiy Chyzhykov said from January to May 2017, the volume of Ukrainian exports to the Islamic Republic increased by 78% compared to the same period last year.

“In 2016, compared with 2015, exports from Ukraine to Iran increased by 32%, while imports from Iran -by 30%,” said Chyzhykov.

He further stressed that to increase the volume of foreign trade between Ukraine and Iran, the two countries should prevent the mediation of third countries in building a chain supply.

The remarks came against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program and started implementing it on January 16, 2016.

The comprehensive nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.