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Ukraine loses tens of millions of dollars due to Poland's ban on its grain imports - Bloomberg

Ukraine lost tens of millions of dollars due to Poland's ban on grain imports
Ukraine lost tens of millions of dollars due to Poland's ban on grain imports

Ukraine is already losing money because of the Polish government's decision to ban imports of its agricultural goods. In April, the amount of losses was $143 million.

This was announced by Deputy Economy Minister Taras Kachka, Bloomberg reports. At the same time, he called the statements of Polish farmers about the fall in prices for their products due to the presence of Ukrainian products on the market a "bluff".

"The Polish government's actions to ban imports of agricultural products from Ukraine cost Kyiv $143 million last month. The EU Commission will pay compensation to Polish farmers for nothing. In my opinion, it was a bluff on the part of Polish farmers," Kachka was quoted as saying.

In April, Poland and several other eastern EU members imposed restrictions on Ukrainian food exports, citing a sharp drop in market prices that hurt their farmers. The move drew criticism from the European Commission, which adopted exceptional and temporary safeguard measures on May 2 against imports of certain agricultural products from Ukraine.

"The measures will come into force on May 2 and will last until June 5, 2023. During this period, wheat, corn, rapeseed and sunflower seeds of Ukrainian origin may continue to be released for free circulation in all EU member states, except for the five frontline states. The goods may continue to circulate in these states either in transit through them or on their way to a country or territory outside the EU," the EC said in a statement.

As reported by OBOZREVATEL, meanwhile, Poland has lifted its unilateral ban on imports of agricultural goods from Ukraine. This happened after a compromise decision of the European Commission.

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