Business news from Ukraine

Norway to help Ukraine ensure food security

Norway will allocate NOK 200 million (approximately EUR 17 million) to the World Food Program, including the Grain from Ukraine program, and NOK 50 million (approximately EUR 4 million) will be transferred to the World Bank’s Ukraine Fund, the Norwegian government said in a statement.

“Norway will continue to support the people of Ukraine. At the same time, we do not lose sight of other crises in the world. The Nansen Program (5-year support program for Ukraine – IF-U) is one example of how we manage to combine these efforts,” Norwegian Foreign Minister Espen Barth Eide said in a statement.

In addition, it is noted that another 150 million Norwegian kroner (about EUR 12 million) will be allocated to the World Food Program in response to its call for emergency assistance to Ukraine.

“In addition to providing food aid near the front line, these funds will be used to demine agricultural land, allowing farmers to return to food production as soon as possible,” the statement said.

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EU DOES NOT YET SEE THREAT TO ITS FOOD SECURITY IN CONNECTION WITH SITUATION IN UKRAINE

The European Union sees no threat to its food security in connection with the situation in Ukraine and will try to contribute to ensuring global food security, said EU Commissioner for Agriculture Janusz Wojciechowski.

“Fortunately, we do not see a direct threat (food security) in European markets. The main problem on them is corn, which we import from Ukraine. It is important for feed production in Europe. But imports from Ukraine are still even larger than in previous years,” Wojciechowski said on Monday evening at a press conference following the meeting of the EU Council at the level of ministers of agriculture.

The central topic of the meeting was the threat of a global food crisis in connection with the Ukrainian issue.

The problem that the EU sees, according to the official, is to organize “corridors of solidarity” for grain supplies to third countries.

The meeting also presented a forecast for the grain harvest for the current year in the EU countries. It will be “for sure more than in 2021, and in 2023 the grain harvest will be no less than in 2022, subject to the same weather conditions.”

“In Europe, we have the necessary food security. (…) We must ensure that Europe contributes to global food security,” added the European Commissioner.

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WEAPONS FOR UKRAINE ARE KEY TO WORLD FOOD SECURITY – PODOLIAK

Arms for Ukraine today are the key to world food security, adviser to the head of the Office of the President of Ukraine Mykhailo Podoliak said.
“One should understand the cause-and-effect relationships of global processes. Russia threatened the food security of the world by unleashing war in Ukraine. The only way to restore order is to help Ukraine win. Weapons for Ukraine today are the key to the food security of the world,” he wrote in Twitter.

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