Friday13 December 2024
lifeukr.net

Ukraine's agricultural sector: war has caused $80 billion in losses, according to a study.

Restoration requires decades and billion-dollar investments.
Агросектор Украины: война нанесла ущерб в $80 миллиардов – исследование.

The Ukrainian government office for investment attraction and support, UkraineInvest, has released an analytical study highlighting the investment opportunities within Ukraine's agro-processing sector.

According to a report from the press service of UkraineInvest.

While analyzing the study's findings, Minister of Agrarian Policy and Food Vitaliy Koval emphasized that attracting investments in this sector is crucial not only for the economic recovery post-war but also for ensuring global food security.

"Despite the war, Ukraine continues to deliver its products to 400 million people in over 40 countries worldwide. Today, supporting the Ukrainian agricultural sector and investing in the industry is not just about business; it's about global food security. Thousands of domestic and foreign investors are actively operating and expanding their businesses in Ukraine. We invite you to establish new processing facilities and invest in livestock," Koval stated.

The study focuses on the infrastructural needs that are essential for enhancing the productivity of the agricultural sector, particularly investments in irrigation systems, logistics, and crop storage.

According to the study's results, despite significant potential, the Ukrainian agro-industrial sector has suffered substantial losses due to the war, estimated at $80 billion, with over 65% of these losses occurring in regions affected by hostilities.

It is noted that to restore and further develop the sector over the next decade, it is necessary to attract investments amounting to $56 billion.

Background. Previously, Mind reported that USAID is attracting an additional $1.75 billion to support Ukraine's agricultural sector. The funds have been received from nine new partners, including the private sector, international financial institutions, and other donor organizations.