An escalated Ukraine issue will not be localised | GulfNews.com:
"How important is Ukraine for the UAE? In a nutshell, not really. The Ukraine-Russia crisis has been in the media spotlight in the last few weeks, and potential implications of an increase in tension in the Black Sea have been the focus of numerous analyses.
However, its impact on the Gulf region is unclear. Ukraine plays a marginal role for the countries of the Gulf Cooperation Council (GCC): trade exchanges are minimal and investment flows almost non-existent. In 2012, Ukrainian exports to the UAE amounted to only $414 million (Dh1.52 billion), 29 per cent of total exports to the GCC but equivalent to only 0.24 per cent of Ukrainian GDP.
UAE’s exports to Ukraine were insignificant, reaching only $68 million in 2012 or 0.02 per cent of Emirati exports. This pattern is not particular to the UAE. Exchanges between Ukraine and the GCC have been historically small."
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