Stalkanat has lost $1.8 million due to the blockade of the Polish border since November

In November, losses amounted to about $800,000, and as of December – about $1 million due to unsettled contracts

PJSC Stalkanat Production Association has lost $1.8 million since the start of the blockade of the cordons in November due to forced non-delivery of products to customers in the European market. This was stated by the company’s CEO Sergiy Lavrinenko, Interfax-Ukraine reports.

In November, the losses amounted to about $800 thousand, and as of December, they amounted to about $1 million due to unconcluded contracts.

«We were unable to deliver our products to customers on time during this period and lost orders for $800,000. And in December, the losses amounted to another $1 million due to unsigned contracts,» he noted.

According to him, the company tried to deliver products to customers, but there were problems due to blockades.

«The main orders are made in the period up to January. Customers make purchases during this period, and since January, the warehouses are full and there is a «dead season», explained the top manager.

The company is hopeful that the situation with product supplies will soon return to normal.

Interpipe suffered total losses (direct and indirect) of $1.2 million in November this year due to the blockade of the Polish-Ukrainian border.

As GMK Center reported earlier, the blockade of the western border crossings will cost the Ukrainian economy at least $1 billion, depending on the duration of the protest. It has already caused numerous negative consequences for Ukrainian businesses and their counterparties. The most notable of these are a 3-4-fold increase in logistics costs, delays in deliveries, contractual disruption, and more. The blocking of the border in November resulted in a 26.7% drop in Ukrainian exports by road compared to October and a 23.5% drop in imports. Overall, in November, the volume of Ukrainian exports across the Polish border decreased by 40%.