Ukraine's government preparing measures to support agricultural producers
The Cabinet of Ministers, in cooperation with banks, is preparing a package of measures to support the agricultural sector, including financing for producers.
Ukraine's government is preparing measures to support agricultural producers amid escalating tensions with Russia. Prime Minister Sergii Koretskyi revealed this on Facebook, citing the threat of Russian attacks on Ukrainian vessels carrying agricultural goods and ports. These attacks jeopardize exports, the agricultural sector, and the national economy.
Koretskyi convened an emergency meeting with representatives from agricultural businesses and relevant associations to brainstorm solutions. The priority is to diversify and restore supply routes, as well as prepare a comprehensive package of measures to support the sector. This includes cooperation with banks for financing agricultural producers and intensifying diplomatic efforts with key export markets.
Vessel calls at Ukrainian seaports were temporarily halted due to security concerns since July 22, prompting the government to collaborate with international partners in developing solutions to protect export logistics. A financing program for agricultural producers, affected by the suspension of exports from the Odesa region, is also being developed to enable them to sell grain at economically viable prices.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
