News

In Ukraine, they plan to restore lending to farmers in the front-line territories

Published May 25, 2024

Tridge summary

The Ministry of Agrarian Policy in Ukraine is working on a solution to restore lending to agricultural producers from areas near the war zone. The Ministry is considering insurance options in collaboration with the Ministry of Economy and banks to enable farmers to secure credit and attract funds from donors. There is ongoing legislative consideration of credit debts of farmers from occupied territories. Banks have been asked for statistics on applications and rejections from these areas, with the expectation that a solution will be implemented within a working group by the end of May. The Ministry is also in the process of selecting a candidate for the post of Minister of Agriculture.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agrarian Policy is working on a solution to the issue of restoring lending to agricultural producers from territories close to the war zone. Taras Vysotskyi, Acting Minister of Agrarian Policy and Food of Ukraine, stated this. He noted that the Ministry of Agrarian Policy and the Ministry of Economy, together with banks, should work out potential insurance options so that farmers can get credit, as well as attract funds from donors. The official added that consideration of the possibility of legislatively settling the issue of credit debts of farmers from the occupied territories is expected in the near future. The relevant bill is currently under consideration in the parliament. Objectively, lending to farmers in these territories is almost non-existent now. We asked the banks to provide us with information on the number of applications from these territories and the number of rejections. At the end of May, we expect statistics and will solve this issue within our ...
Source: Agropolit
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