Ukraine awaits EU response on EUR 1.1 bln crop export aid – minister
Earlier this week, Ukraine appealed to the European Union during a meeting of agriculture ministers in Brussels, asking it to allocate at least EUR 1 billion to compensate for additional logistics costs for agricultural exports amid Russia's blockade of deepwater ports in the Black Sea, but there has been no response yet.
Ukraine has been awaiting a response from the European Union regarding a request for at least EUR 1.1 billion in crop export aid, following Russia's blockade of Black Sea ports, a minister has revealed. The appeal was made during a meeting of agriculture ministers in Brussels earlier this week.
According to Minister of Agrarian Policy and Food Taras Vysotsky, the required aid is estimated at EUR 50 per tonne of products. This amount could stimulate up to 20 million tonnes of additional exports. Vysotsky stated that the EU would be consulted for feedback before any outcome could be discussed.
Prior to this, Vysotsky had mentioned that as of late September to early October, Ukraine's agricultural exports, in the face of Russia's continued blockade of Black Sea ports, had reached up to 50% of their potential volume. Without additional measures, this situation would have resulted in the inability to export approximately 30 million tonnes of agricultural products worth around $10 billion in the current marketing year.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
