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European Commission proposes to compensate for grain exports from Ukraine by land

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Janusz Wojciechowski, European Commissioner for Agriculture, has proposed to compensate the transport costs of grain exports from EU funds if it is transported from Ukraine by land.

Source: European Pravda with reference to Bloomberg

Quote: “Russia will be the beneficiary of the situation because it will be cheaper than to pay for the grain from Ukraine transported to the Baltic ports, the cost of this operation will always be higher than what Russia can offer on the global market.”

Details: The European commissioner stressed that the EU’s assistance in compensating for the cost of transit of Ukrainian grain through the territory of EU member states is an urgent issue since transportation by land is more expensive than by sea.

Wojciechowski assured that he would prepare a proposal for the European Commission to subsidise the cost of transporting Ukrainian grain at the expense of EU funds.

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