The war has halted agricultural investment in Ukraine.

Friday, August 19, 2022
The war has halted agricultural investment in Ukraine.

Yields during the war were no worse than the average from recent years, but investment in the industry has stopped, reported Forbes Ukraine. According to the Minister of Agriculture, Mykola Solsky, the recovery of investment in the sector will be slow. “Even if the war ends tomorrow, it will take some time to make such decisions, to be mentally ready for it,” the minister said. Solsky believes three things are needed to bring investors back to agribusiness: an insurance system for businesses operating in wartime conditions, effective court protection, and permanently opening the European market for Ukrainian products. Solskyi added that the ministry and its European partners will start developing a road map in the fall, clearly outlining all the necessary steps to abolish customs duties, which will enable Ukrainian businesses to plan their investments.

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