Ukrainian agricultural companies are suffering significant losses, although the Kiev government promised them huge profits from the trade with the European countries, Wirtschaftswoche writes.
In 2015, Brussels announced the start of the creation of a "deep and comprehensive free trade area." Many Ukrainian entrepreneurs hoped they would have access to European markets, but in reality the project proved far less profitable than expected, the article said.
The EU has allowed Kiev to trade goods which are almost not produced in Ukraine. On the other side, products like milk and cereals which could bring significant revenue to Ukraine face significant restrictions and can be exported to the EU only in small amounts, the newspaper notes.
The free trade agreement with the EU was signed by President of Ukraine Petro Poroshenko in 2014 and came into force on January 1, 2016.
