Russian sanctions not to affect inflation – NBU

At the same time, the National Bank admits a slight price adjustment due to the increase in logistics and goods' delivery costs.

The National Bank expects no significant impact on inflation in Ukraine from the Russian restriction on exports of Russian oil and petroleum products which came in force in mid-April, according to deputy governor Dmytro Solohub.

Speaking at a Kyiv briefing on Thursday, he said: "Now we are quite restrained in estimating the effect on the price index."

Read alsoNational Bank of Ukraine cuts key policy rate, first time in two years

According to Solohub, a slight price adjustment is possible due to the increase in logistics and goods' delivery costs.

As UNIAN reported earlier, in the middle of April 2019, Russia restricted the exports to Ukraine of Russian oil and petroleum products.

From June 1, such goods can be exported to Ukraine only based on individual permits.