HomeEconomyThe EC lifted the...

The EC lifted the ban on grain imports from Ukraine

Photo: Unsplash

The European Commission did not extend the ban on the import of Ukrainian grain to five EU countries, subject to Ukraine’s compliance with certain measures.

The European Commission did not extend the ban on the import of Ukrainian grain to Poland, Hungary, Romania, Slovakia and Bulgaria, subject to Ukraine’s compliance with measures to prevent a new jump in grain prices. This was stated in a message on the website of the European Commission.

The EC analyzed data on the impact of exports of four categories of agricultural products on the EU market and concluded that thanks to the work of the Coordination Platform and the temporary measures introduced on May 2, “the distortions in the market in the five member countries bordering Ukraine something has been lost.”

“The constructive position of all participants in the platform has helped to solve specific problems and ensured that exports to third countries outside the EU will continue and even increase,” the commission said.

The current restrictive measures will end today, September 15.

At the same time, Ukraine agreed to introduce legal measures (such as an export licensing system) within 30 days to prevent an increase in grain prices.

In addition, from September 16, Ukraine must introduce effective export controls for four groups of goods to “avoid any market distortion in neighboring member states.” Kyiv must submit an action plan no later than the close of business on September 18.

“The EC and Ukraine will monitor the situation through the platform in order to respond to any unpredictable situations. Also, the European Commission will refrain from introducing any restrictions until the effective measures taken by Ukraine are fully operational,” said the message.

.

We remind you that Hungary has agreed with Romania, Slovakia and Bulgaria to extend the ban on the import of Ukrainian agricultural products after September 15.

Earlier, Poland announced that the ban on the import of Ukrainian agricultural products, which was supposed to be in effect until September 15, will continue until the end of the year.

The National Bank of Ukraine predicts a reduction in foreign exchange earnings of farmers by about $600 million by the end of the year due to the ban on food imports introduced by Eastern European countries.

New Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now