"The total amount of funds from
export of Ukrainian agricultural products makes up
about USD 11 billion. This means
inflow of foreign currency into the country and financial
stabilization within the country", said Prime Minister of
Ukraine Arseniy Yatsenyuk on Tuesday, February 16, at the Parliament during the
Government's report on its activities for 2015.
Arseniy Yatsenyuk stressed that the
previous year Ukraine had demonstrated record
export volumes - 35 million tons of grain - and
became third in export of grain crops in the world.
Ukraine ranks first in the world in oil and honey, third - in
"As was expected,
the Russian Federation, in order to punish Ukraine for
its European choice, signed an agreement on free trade area
with the European Union and embarked on implementation of it, imposed
a trade embargo against Ukrainian goods. Ukraine responded with retaliatory
measures," stressed the Head of Government.
He informed that ten Ukrainian
agricultural companies had already entered the European
"We're searching for and diversifying
markets. We have actually cut fourfold the
dependence of the Ukrainian economy on Russia. The share of
exports to the Russian Federation in the agrarian sector makes up only
2%," said Arseniy Yatsenyuk.
New markets for the Ukrainian
commodity items are the EU, Israel, Saudi Arabia and
China, he stressed, noting record volumes of exports to
China this year.
Arseniy Yatsenyuk reminded that in
the current year there had changed the system of
support for agrarian sector: "Last year the entire
VAT was transferred directly to agrarians.
This year we have found a compromise in a difficult
dialogue of how to support farmers. But the
sum worth 300 million hryvnias, which were allocated to compensate
interest rates for the Ukrainian agrarians,
provided an opportunity to take out a UAH 8
billion loan for the agricultural sector,
including for small farms".
In addition, the Western partners granted
about EUR 2 billion on the development of small and
medium-sized enterprises in the agricultural sector.