Rosneft privatization deal is completed — KremlinBusiness & Economy December 07, 21:06
Contact Group focuses on demining, creation of new security zones in Donbass — OSCE envoyWorld December 07, 20:57
Russian Defense Ministry reports 70% of eastern Aleppo under control of Syrian armyWorld December 07, 20:21
Moscow slams Polish FM's remarks on NATO-Russia Council meeting — sourceRussian Politics & Diplomacy December 07, 20:12
IOC extends doping-related sanctions against RussiaSport December 07, 19:35
Russian oil companies back Energy Ministry proposal on limiting oil production — ministerBusiness & Economy December 07, 18:42
Syrian troops take full control over 47 quarters of eastern Aleppo — ministryWorld December 07, 18:36
Sberbank head expects oil and gas prices to continue to fallBusiness & Economy December 07, 18:26
Russian sappers start clearing eastern Aleppo from minesMilitary & Defense December 07, 18:17
KIEV, March 2. /TASS/. Ukraine’s agrarian policy minister Alexey Pavlenko has asked citizens not to panic amid food shortages in the country and blamed speculators for the current crisis.
"We have enough foodstuffs. As for crops, for example, we have 5.2 million tons now while the domestic consumption is 2.1 million tons. We have enough buckwheat. We have an excessive production of sugar, estimated at almost 700,000 tons, or more than the consumers need," Pavlenko said.
"In my opinion, the situation comes due to panic and speculative activities," Pavlenko told the country’s TV channels.
According to Pavlenko, the shop workers fail to prepack buckwheat and flour due to an increased demand, while some retail chains take advantage of the situation.
Ukraine’s media reports earlier said the collapse of the hryvnia and the growing prices on the country’s consumer market have led to panic buying of food, medicines and household appliances.
The shops limit the sales warning customers that they can buy no more than 2 packages of buckwheat, 3-5 kilograms of flour, 3-5 kilograms of sugar and 2 bottles of sunflower oil.
The same situation is observed in Lviv and Chernovtsy (in western Ukraine), Nikolayev (in the country’s south) and Dnipropetrovsk (eastern Ukraine), according to regional media reports.
"People are buying sacks of flour and sugar, and there is also shortage of crops and sunflower oil," the reports say.
The hryvnia has dropped to below 27 per dollar, the lowest level in the past five years, raising fears of a possible default. Last week, people held a rally in Kiev dubbed the "financial Maidan" demanding the resignation of Ukraine’s National Bank Governor Valeria Gontareva and her first deputy Alexander Pisarchuk.