The Ministry of Economy conducted a situation assessment in order to assess the impact of the Russian-Ukrainian crisis on the Israeli economy, and especially with regard to exports and imports to Israel | A shortage of supplies of essential goods is not expected, but there may be price increases due to supply difficulties arising from the fighting in Ukraine | Information for Israeli companies: This is not how you will break the international sanctions
Shi Klein 28.02.2022
Assessment of the situation in the Ministry of Economy and Industry: Dr. Ron Malka, Director General of the Ministry of Economy, held a situation assessment with senior officials of his ministry yesterday in order to assess the impact of the Russian-Ukrainian crisis on the Israeli economy, especially regarding exports and imports to Israel.
During the discussion, bilateral trade data with Ukraine were presented, which stand at about $ 950 million, of which about $ 250 million are exports and $ 700 million are imports (see details separately), reports were received about talks with exporters and importers trading with Ukraine, and an overview was given. Regarding the various international sanctions imposed on Russia and their significance for Israeli companies.
Various reports indicate that a shortage of essential goods is not expected. However, there may be price increases due to supply difficulties resulting from the fighting in Ukraine.
The situation room, which opened this weekend, is managed by the Foreign Trade Administration at the Ministry of Economy and Industry and coordinates all inquiries from Israeli companies operating with Ukraine, various industry bodies and relevant government ministries, including exports, the Manufacturers Association, the Association of Chambers of Commerce and various government ministries.
The email address for inquiries is: [email protected]
In addition to the situation room, in order to prevent a situation in which Israeli companies unknowingly violate international sanctions, it was decided to hold a webinar for industry, during which international experts will review the various sanctions and their significance for Israeli companies. The date of the webinar will be announced in the coming days.
Meanwhile, the economic attaché of the Warsaw Ministry of Economy and Industry, Sarah-Ann Madi, has joined the overall effort to help Israelis coming from Ukraine to the border with Poland, and will join the Foreign Ministry-led team.