Kharkiv Works named after Frunze is considering establishing manufacture in Kazakhstan or Belarus.
“We want to increase our European market presence and thus we’re examining creating manufactures in Kazakhstan or Belarus to compensate for the losses from the free trade regime cancellation between Russia and Ukraine”, said the company in its statement.
“Russia has imposed 6-15% duties on our products. Moreover Russian customs officers increase our price, raising VAT for our trade partners”, added the press-service. (Ukrainian metal)