PM Shmyhal: Investment potential of Ukraine’s agricultural sector is at least $34B

PM Shmyhal: Investment potential of Ukraine’s agricultural sector is at least $34B

Ukrinform
The investment potential of Ukraine’s agricultural sector is at least $34 billion, even under the current challenging conditions.

The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal during the 5th German-Ukrainian Business Forum, an Ukrinform correspondent reports.

According to Shmyhal, the agricultural sector is a driving force of Ukraine’s economy. Prior to the Russian full-scale invasion, Ukraine’s agricultural sector demonstrated the growth rate of 5-6% annually and covered a significant share in the GDP.

“Today, due to the occupation, mining, export blockade at our ports, this sector is suffering losses. But, I am confident that, thanks to European and German investments, it will quickly recover,” Shmyhal said.

In his words, the war unleashed by Russia showed Ukraine’s real contribution to the global food security. Some African countries were on the brink of famine, but the ‘grain corridor’ helped to avoid this. Over two months, Ukraine has exported more than 6 million tonnes of agricultural products.

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