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Loss of EU market may make Ukrainian agro-industrial complex collapse

November 25, 2013, 20:26 UTC+3 KIEV
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KIEV, November 25, 19:42 /ITAR-TASS/. The loss of the European Union’s market if sanctions are imposed on Ukraine by the West will have a negative impact on Ukraine’s agro-industrial complex, Vladimir Klimenko, the president of Ukraine’s Grain Association, said on Monday.

The loss of the European Union’s market for the Ukrainian agro-industrial complex, in the event of sanctions and duties, the stoppage of credits and shrinkage of investment will make the Ukrainian agro-industrial complex collapse, Klimenko holds. He has said Ukraine is a major supplier of grain and other products made of grain to the EU. Klimenko reported Ukraine did not supply grain to the market of the Customs Union countries.

The Ministry of Agrarian Policy and Food forecasts that Ukraine’s export in the 2013-2014 marketing year at 29-30 million tonnes may be the record one in Ukraine’s independence years. The harvest of grain and legumes this year is forecast at about 61.5 million tones, as against 46.2 million tonnes in 2012.

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