Ukrainians to face agricultural export bans to the EU if their products don’t arrive as planned
Business30 January 2024, 02:40 PM
Entrepreneurs who violate export regulations
for agricultural food products to certain European Union countries will have their verification status
suspended for 6 months, Ukraine’s Agrarian Policy Minister, Mykola Solskyi, announced.
The government has tightened the rules around exporting certain agricultural products to prevent abuse of the system., he announced during an online meeting with his Bulgarian counterpart Kirill Vatev, the ministry reported.
"A company may now be removed from the list of verified agro-industrial entities if Bulgaria, Romania, Slovakia, Hungary, or Poland report that products shipped for transit through their countries were not exported and instead remained within their borders," the minister said.
Ukrainian agricultural exports decreased by $1.5 billion in 2023, falling from $23.4 billion to $21.9 billion. Romania led in agricultural imports from Ukraine in 2023, totaling $2.9 billion, a 12% annual increase.