Ukraine: grain export duties present a serious risk to the economy - Head of the National Bank Council

The customs duties on grain exports present a serious risk to the economy of the country and the balance of payments, declared Petr Poroshenko, Head of the Council of the National Bank of Ukraine, on October 5.

P.Poroshenko stressed that to date the current account deficit and the risk of deficit of the balance of payments are the key risks for the country.

He reminded that on October 4 the National Bank published data on reduction of gold and forex reserves of Ukraine. The situation should be a signal to the Government, which should resolutely take measures to stimulate exports and optimize the structure of the balance of payments.

P.Poroshenko stressed that under these conditions the Government can not solve the problem of filling the state budget by imposing additional export duties.

The head of the National Bank Council believes that such export duties may be imposed for all exported commodities of Ukrainian origin, and not the separate product groups.

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