EU and partners agree €1bn increase for Ukrainian grain exports – POLITICO


European Commission President Ursula von der Leyen on Friday announced a €1 billion increase for safe roads to export Ukraine’s huge agricultural harvest.

“Where Russia sowed destruction, Europe gave hope”, von der Leyen saidannouncing an urgent €250 million grant from the Commission to improve the fluidity of traffic at border posts via “solidarity lanes”, the statement said.

These rail and road routes have been key to countering Russia’s plan to block Ukraine’s access to Black Sea ports, which normally take around 90% of food exports.

Ukraine’s need to earn crucial cash and the threat of a food crisis in regions like the Middle East and Africa have forced the EU to come up with a plan to increase capacity on these routes since then. may. He initially focused on supplying private sector vehicles, building additional grain storage inside the EU and urged countries like Poland and Romania which share borders with Ukraine to relax. border controls.

But the longer-term funding will now support repairs and development of road and rail freight infrastructure in Ukraine.

The additional support from development banks brings the total announced on Friday to around 1 billion euros, including contributions from the European Investment Bank, the European Bank for Reconstruction and Development and the World Bank Group.




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