Bloomberg: Europe is preparing a plan to increase exports of Ukrainian food through land routes

In particular, it is about accelerating the delivery of vegetable oils, corn and wheat. As well as some other key exports of Ukraine, which are blocked due to restrictions on access to vital Black Sea ports by the Kremlin.

Against the background of the Kremlin's blocking access to vital Black Sea ports of Ukraine , the European Union is completing a plan to promote the export of terrestrial food stocks from Ukraine, writes Bloomberg.

Ukraine's agri-food sector accounts for almost 10% of its GDP. Last year, the country exported almost $ 28 billion worth of food products to the world, including 7 billion euros to the EU. Before the war, about 5 million tons were transported across the Black Sea, which is currently blocked by Russian warships.

On Wednesday, the European Commission is due to consider a strategy on technical aspects to speed up the delivery of vegetable oils, corn and wheat, some of Ukraine's key exports.

neighboring countries, as infrastructure deficiencies could hamper exports, despite recent steps to remove trade barriers with Kyiv.

Read also: Ukraine lifts ban on sugar exports but imposes other restrictions

The EU and Ukraine will try to find a solution by the summer, as the country must export at least 25 million tons stuck in the country before the start of the next harvest season.

Recall rising consumer prices in Ukraine > in April, year on year, reached 16.4%. The biggest impact on the index was on food prices.

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Based on materials: ZN.ua

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