Kiev. Ukraine. Ukraine Gate – February 05, 2021 – Agriculture
The register of agricultural receipts has already been harmonized with other state registers, which will allow automatic data exchange and ensure their validity. This was stated by Deputy Minister of Economic Development, Trade and Agriculture Taras Vysotsky during a meeting dedicated to the official launch of the project “Development of access of the agricultural sector of Ukraine to capital markets.”
The project will be implemented in 2021-2024 with the support of the International Finance Corporation (IFC) in partnership with the Swiss Confederation.
“Last year, together with our partners, we worked on modernizing the law on agricultural receipts, aiming to improve access to financial resources in agriculture in Ukraine,” he said.
According to Taras Vysotsky, the adoption of the bill 52805-d “On Amendments to the Law of Ukraine” On Agrarian Receipts “and some other legislative acts of Ukraine on the functioning and circulation of agricultural receipts” is currently expected, which transforms the agricultural receipt from a commodity document securities, which will significantly expand the ability of farmers to raise additional funds. Receipts have already helped farmers get more than 32 billion hryvnias in funding.
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