“We are still delivering fuel to Ukraine, but the exchange rate is hurting us. We are demanding upfront payments because no one knows how the situation will evolve,” KMG International’s Senior Vice-President Azamat Zhangulov said Thursday.
He said fuel consumption in Ukraine is declining because of the recent geopolitical and economic developments.
KMG International, formerly The Rompetrol Group NV, exports around 300,000 tons of fuel a year to Ukraine.
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