Uncertainty with the export of Ukrainian grain, leading to a global food crisis and rising food prices, can be resolved by buying last year’s and this year’s crops from Ukraine for a total of $30-35 billion through a specially created fund.
This will contribute to the development of exports from the country and its internal processing in the agro-industrial complex, as well as provide the Ukrainian agricultural sector with working capital and the opportunity to continue working under the conditions of the military invasion of the Russian Federation, MP of Ukraine Dmytro Solomchuk (the Servant of the People faction) wrote on his Telegram channel on Wednesday.
“The easiest way, given the current situation, is to create the World Food Fund, collect $30-35 billion, and transfer it to Ukrainian farmers, buying last year’s and fresh products at world prices, minus logistics, on the terms of responsible storage,” he wrote.
“The world, in turn, thanks to this, will stabilize inflation, calm the beginnings of a food storm, will be motivated to organize comfortable exports, and Ukrainian farmers will receive funds for winter sowing, which will save the world in 2023, and the development of a processed industry to simplify logistics. And most importantly, the Russian Federation will stop manipulating food security,” the MP added.
As reported, on June 28, the Cabinet of Ministers of Ukraine approved a draft agreement with the UN World Food Programme (WFP) on the resumption of its office in the country, which will allow the organization, among other things, to purchase agricultural products from Ukrainian companies to carry out international humanitarian programs.