Agriculture

The Netherlands allocates €100M for agricultural companies, and Spain and the EBRD provide another €100M in guarantees for Ukraine’s food security.

Tuesday, April 18, 2023
The Netherlands allocates €100M for agricultural companies, and Spain and the EBRD provide another €100M in guarantees for Ukraine’s food security.

The funds will also go towards the purchase of generators to ease the course of the next winter, said Dutch Foreign Trade Minister Liesje Schreinemacher.

So, €40M is targeted as financing for agricultural companies to purchase seeds and replace agricultural machinery. The money is provided as a loan guarantee.

Another €60M is intended to buy generators and make road repairs. The mentioned funds are the first part of €2.5B in financial support, which the Netherlands promised to Ukraine at the beginning of 2023.

And the EBRD and Spain will provide another €100M in guarantees for food security and Ukraine’s municipal sector.

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