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Problems in foreign trade relations with Russia first emerged in 2011.
Ukraine's losses as a result of the reduction in trade with Russia cannot be estimated for sure, although they may amount to at least several billion dollars a year, that's according to a managing partner at Capital Times investment company, Doctor of Economic Sciences Erik Nayman.
It is important to understand that the problems in this regard began back in 2011, long before all problems erupted, at the time when Ukraine was allegedly friends with Russia, Nayman told Glavred.
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The expert elaborated that Russia had been waging an undeclared trade war against Ukraine back then through both formal and informal bans on the supply of products from Ukraine.
After 2014, Russia only strengthened the restrictions, Nayman stressed.