Головна Economics and agricultural policy A new bill to support agricultural production was registered in the Verkhovna...

A new bill to support agricultural production was registered in the Verkhovna Rada

The Verkhovna Rada registered the draft law No. 8025 on state support for agriculture and export of agricultural products during martial law.

According to “ProAgro Group” with reference to Liga.law, it is aimed at defining special mechanisms of state support for agriculture under martial law and provides for the following innovations:

  • introduction of state support in terms of capital construction of export infrastructure (by subsidizing part of the payment and interest on loans);
  • introduction of state support in terms of renewal of the fleet of grain carriers, grain containers, loading and unloading equipment;
  • introduction of insurance of agricultural products storage or processing facilities against risks in the form of combat and military operations;
  • a mechanism to support manufacturers of domestic machinery and equipment (grain carriers, trailers, containers) by purchasing it and then providing it to agricultural producers free of charge;
  • granting international non-profit organizations the status of multimodal transport operators in terms of export of agricultural products.

It is expected that the adoption of this draft law will significantly improve the situation in the export of Ukrainian agricultural products, support domestic agricultural producers and attract international assistance.

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