In Ukraine, a third of the potential of the agricultural sector has been destroyed: the EBRD and its partners are looking for the best way to help it survive next winter
The European Bank for Reconstruction and Development (EBRD) together with Ukrainian partners is actively looking for ways to ensure the stable operation of Ukraine’s energy system in the coming winter. The priority areas are increasing the flexibility of the energy system and restoring heat supply facilities destroyed as a result of Russian attacks.
EBRD representative Olga Yeromina emphasized importance of the development of renewable energy sources, but noted that this is a long-term perspective. Currently, the focus is on gas turbine generation as a temporary solution, as other alternatives are not yet available.
State Secretary of the Ministry of Agrarian Policy Viktor Kantsurak during an online workshop on financing small and medium agricultural producers told, that the Ukrainian agro-industrial sector suffered significant losses due to the war. About 30% of its potential has been destroyed, and 20% of agricultural land is under occupation. To support agricultural producers, the State Agrarian Register and the Fund for Partial Guarantee of Loans in Agriculture were created.
According to the survey, most small farmers plan to expand production and attract investments. The Fund actively cooperates with banks to provide credit to more farmers.
According to a study conducted by the Center for Food and Land Use Research of the Kyiv School of Economics (KSE Agrocenter) together with the World Bank, the war caused more than $80 billion in losses to the Ukrainian agricultural sector. The losses include destroyed machinery, finished products, grain storage facilities, and livestock facilities. Despite this, Ukraine hopes to return most of the contaminated land to economic use within the next 10 years.
