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IFC, EU, and the Netherlands Back Ukraine’s Astarta to Boost Jobs, Agriculture, and the Economy

IFC announced a $40 million investment in Astarta, a leading Ukrainian agricultural group, to support the construction of the country’s first soy protein concentrate plant. This investment is in line with up to $80 million financing package approved by IFC’s Board of Directors on April 1, 2025. The project is expected to boost employment, enhance agricultural productivity, and drive economic growth.

The financing package includes a $27 million loan for IFC’s own account, and a $13 million concessional loan from the government of the Netherlands. IFC’s financing is backed by guarantees from the European Commission’s Ukraine Investment Framework, and the government of the Netherlands in support of IFC’s Economic Resilience Action (ERA) Program for Ukraine.

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Ukrainian Sea Corridor: 120 million tonnes of cargo transported

Since the beginning of operation of the Ukrainian Sea Corridor, the ports of "Great Odesa" have processed 120 million tonnes of cargo, of which 76 million tonnes are agricultural products.

In 2025 alone, over 28 million tonnes have been transported, including more than 15 million tonnes of grain.

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Russia attacked the port infrastructure of Odessa: there are dead

On the evening of March 11, Russian war criminals launched a ballistic missile strike on the port of Odessa. As a result, the civilian ship “MJ PINA” under the Barbados flag was damaged. At the time of the strike, it was loading wheat for export to Algeria.

Four people, Syrian citizens, were killed in the strike. The youngest victim was 18, the oldest was 24. Two more people were injured, a Ukrainian and a Syrian. They are receiving necessary assistance.

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European Commission praises Ukraine's progress on customs and taxation chapters, says Ministry of Finance

On October 30, the European Commission published its 2024 Enlargement Package Reports. It contains the European Commission’s assessment of the progress made by the candidate and potential candidate countries. Specifically, it highlights Ukraine’s progress.

As part of the EU Enlargement Package, the Annual Progress Report on Ukraine’s preparation and progress towards the political and economic criteria for EU accession is presented. It also includes an assessment of the approximation of national legislation to EU acquis in accordance with all negotiated chapters.

2,531 reads

Ukraine has officially joined the International Fund for Agricultural Development

Ukraine is now a member state of the International Fund for Agricultural Development (IFAD). This prestigious organisation is the only UN agency fully focused on agricultural transformation, rural economic development and food systems. This was announced by Vitalii Koval, Minister of Agrarian Policy and Food of Ukraine.

2,552 reads

Vitalii Koval met with members of U.S.-Ukraine Business Council

The Minister of Agrarian Policy and Food of Ukraine, Vitalii Koval, took part in the forum of U.S.-Ukraine Business Council (USUBC), which took place on October 22, 2024, in Kyiv.

The event brought together key agricultural leaders for an engaging discussion on the future of Ukraine’s agricultural sector. Vitalii Koval, the newly appointed Minister of Agrarian Policy and Food of Ukraine, and Oksana Osmachko, Deputy Minister of Agrarian Policy and Food of Ukraine, shared their vision for 2025, touching on crucial topics like agribusiness opportunities, international cooperation, and the critical role of demining in Ukraine’s agricultural revival.

The meeting, co-moderated by Leonid Kozachenko, USUBC Senior Advisor and President of the Ukrainian Agrarian Confederation, and Greg Fishman, USUBC Secretary-Treasurer, offered valuable insights and fostered dialogue between government officials and business leaders about the path forward for Ukraine’s agricultural growth.

2,658 reads

In 2 days, the Russian Federation damaged 2 civilian cargo vessels in Odesa

Minister for Foreign Affairs of Ukraine, Andrii Sybiha, said that in just two days, Russian ballistic attacks damaged two civilian cargo ships in Odesa.

2,800 reads

Emergency brake triggered for eggs and sugar imports from Ukraine to the EU

From today, 2 July 2024, the tariff rate quotas from the Deep and Comprehensive Free Trade Area (DCFTA) are reintroduced for imports of eggs and sugar from Ukraine into the EU. The revised Autonomous Trade Measures (ATMs), in place since 6 June 2024, includes an emergency brake for seven agricultural products to be automatically triggered if import volumes reach the average yearly imports recorded between 1 July 2021 and 31 December 2023.

Directorate-General for Agriculture and Rural Development reported this.

3,980 reads

Russia's attacks on the ports of the Black Sea region testify to the systematic attacks on the world's grain security - Prosecutor General

248 criminal proceedings covering 432 episodes are being investigated for the facts of shelling of grain infrastructure and seizure of other objects by the Russian army. The prosecutor general of Ukraine Andrii Kostin told about this during the telethon.

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We express our condolences on the passing of Morgan Williams, President of the U.S.-Ukraine Business Council

With great sadness, the family of Morgan Williams announced that he passed away at his home in California on Saturday, June 8, 2024, next to his wife.

The Ukrainian Agrarian Confederation, its employees and members have known Morgan Williams for many years. UAC is a member of USUBC, and the president of UAC is a senior advisor. The President and CEO of the U.S.-Ukraine Business Council, Morgan Williams, can be described as a professional in his field, a true leader, and a great friend of Ukraine.

4,228 reads

Misc top-news

Analytics

10.01.2020 10:00

Analytics

Efficiency of the scale and further development of agrarian companies

10.01.2020 10:00

The purpose of the state policy for the sustainable development of Ukrainian agriculture is to ensure the growth of agricultural production and the welfare of the rural population.

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18.03.2019 09:44

UAC

UKRAINE KEEPS EXPORTING CORN AT A RECORD PACE

18.03.2019 09:44

The pace of corn exports from Ukraine continues quickening. In February, the country shipped abroad a record corn volume for that month (3.7 MMT) and the greatest monthly volume since December 2013/14, reports UkrAgroConsult.