Ukraine's Customs Service explains data on Ukrainian steel exports to Russia in 2024

The Customs Service has provided an explanation for data showing that Ukraine exported US$21.04 million worth of steel to Russia in 2024 despite an official ban.

Source: Customs in response to an inquiry from Ekonomichna Pravda

Quote: "The statistics for 2024 reflect information on steel exports to the Russian Federation due to the fact that in 2024, one Ukrainian steel company filed additional declarations for goods that were released from the customs territory of Ukraine before 24 February 2022 and prior to the ban on exports to the Russian Federation."

Details: The Customs Service explained that these transactions had taken place earlier, but the paperwork was not completed until 2024.

It noted that a significant share of Ukrainian exports includes the transportation of large volumes of raw materials, so in order to simplify procedures and speed up customs clearance, the legislation provides for the use of supplementary declarations appended to periodic customs declarations.

"A periodic customs declaration allows companies to declare regular deliveries of goods in a simplified form and, upon completion of the delivery, to provide detailed information in an additional customs declaration," the State Customs Service explained.

Background: Data from the State Customs Service revealed that in 2024, Ukraine supplied metal products worth a total of US$21.04 million to Russia, despite an official ban.

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