The IMF announces the risk of Ukraine losing up to $800M monthly due to reduced agricultural exports.

In particular, the International Monetary Fund expects a decrease in grain exports from Ukraine due to poor harvests and mined fields. The volume of Ukrainian grain exports is predicted to decrease to 60% of the pre-war level by 2024. And possible interruptions with the grain initiative and import restrictions in the EU threaten to cause losses of up to $800M every month.

Therefore, the IMF believes that the priority in the near term is to strengthen and diversify trade channels, while long-term recovery will require solving the problem of demining agricultural land, as approximately 2.5 million hectares of agricultural land need to be inspected and cleared.