The investment by Salic is “the largest purchase in the agricultural sector in the history of independent Ukraine,”

The investment by Salic is “the largest purchase in the agricultural sector in the history of independent Ukraine,” President Poroshenko said on Ukraine TV Wednesday. The price has not been made public, but the president said it was ‘hundreds of millions of dollars.” The Financial Times put the price at $242 million. In a nation where farmland sales are banned and fear is high of foreigners grabbing the fabled ‘black earth,’ Poroshenko told Ukrainians of the farm purchase by a subsidiary of the Public Investment Fund of Saudi Arabia: “This contract does not mean buying Ukrainian land. It means buying Ukrainian assets, raising the level of investment in the Ukrainian agrarian complex, and raising the level of technologies that are now coming to Ukraine.”