REUTERS
Ukraine is not as dependent on exports as raw materials as Russia, according to the expert.
Candidate of Economic Sciences Yevhen Nevmerzhytskyy notes the minor dependence of Ukraine's national currency, the hryvnia, on Russia's ruble and, therefore, the weaker ruble will not affect Ukraine.
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"How is a forex rate formed in Russia? There is certain dependence [of the forex rate] on oil and energy prices, because energy exports in the Russian Federation account for more than 50%. Growth in the price of Brent crude oil means direct incomes to Russia's budget," the expert told the Ukrainian online news outlet Obozrevatel on August 16.
According to him, the situation is a little different in Ukraine.
"We are not so dependent on exports of raw materials. In our case, such a component of our budget is grain whose exports are worth a little more than $6 billion. But their share is not 50% and even not 10% of our budget. If we speak about trade between the Russian Federation and Ukraine, its official volumes are constantly decreasing," he summed up.