Zelensky signed laws against “black” grain exports

Published Jun 21, 2024

Tridge summary

Ukrainian President Vladimir Zelensky has signed two laws aimed at improving foreign economic transactions for the export of certain goods, particularly agricultural products. The laws, which amend the Tax and Customs Codes of Ukraine, will minimize abuses in export and ensure a influx of foreign currency. The laws will also crack down on 'black grain' schemes and those who violate them. The government's move comes as grain exports continue to be a complex issue in 2024 due to ongoing conflict and related restrictions. The main grain export destinations for Ukraine include European Union countries and the Black Sea, but these face various restrictions and embargoes.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

President of Ukraine Vladimir Zelensky signed laws 10168-2 and 10169-2 adopted by the Verkhovna Rada. They amend the Tax and Customs Codes of Ukraine, improving foreign economic transactions for the export of certain goods. This was announced by the Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Daniil Getmantsev, on Telegram. New laws introduce mechanisms to minimize abuses in the export of agricultural products, which will ensure an influx of foreign currency and strengthen the national currency. Getmantsev emphasized that all schemes with “black grain” will be suppressed, and violators will face consequences. In 2024, grain exports from Ukraine continue to be a complex and controversial issue, mainly due to the ongoing conflict and related restrictions. According to analysts, “black exports” make up a significant part of the Ukrainian market. Now their government has tightened export controls to combat illegal schemes and increase revenue to ...
Source: Rosng
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