Losses in Ukraine’s agricultural sector during the war exceeded $10 billion

Direct losses to Ukraine’s agricultural sector in the two years since the start of Russia’s large-scale invasion have amounted to more than $10 billion.

Taras Vysotsky, acting Minister of Agrarian Policy and Food of Ukraine, said this during a conference on the restoration of Ukrainian agriculture, the press service of the Ministry of Agrarian Policy reports.

“Ukrainian farmers have suffered significant losses due to Russian aggression. From the destruction of agricultural machinery totaling $5.8 billion to the loss and destruction of livestock farms worth more than $250 million. And international food prices increased by about 35% in 2022. It was only after new export routes were established that the situation was stabilized. Therefore, support is needed to restore the Ukrainian agricultural sector,” he said.

According to him, Ukraine is one of the world’s leading exporters of grains and oilseeds. And the recovery of the agricultural sector will ensure the stability of global food markets.

Taras Vysotsky emphasized the need for long-term projects to support the Ukrainian agricultural sector. One of them is the Ukraine Facility, a financial support program for Ukraine from the European Union.

He also emphasized that increasing the production of value-added products is a contribution to the energy security of Ukraine and the European Union, as Ukraine has the potential to produce enough bioethanol and biomethane from various types of agricultural waste.

In addition, Taras Vysotsky emphasized the need to introduce preferential insurance for agricultural producers.

Tags: Ukraine, war, agricultural sector