In the period ahead, Ukraine to cancel the restrictions on the purchase of agricultural lands by foreigners




In Ukraine, the authorities will cancel the current restrictions on the purchase of agricultural lands for foreign persons, but only after formation of the opportunity for domestic farmers to take low-interest loans for the reporting purpose, declared the President of Ukraine, Volodymyr Zelenskyy, on June 3, within frames of the meeting with business representatives in Khmelnytskyi oblast.

According to him, it is the right way that everyone should have the opportunity to purchase agricultural lands. And the authorities will reach the goal after making some certain decisions. Ukraine could not open the purchase of land to everyone, including foreign companies, because to date foreign companies have completely different credit conditions. The strategy is very simple: first, Ukraine will create the comprehensible and correct credit conditions, so that Ukrainian farmers can take on loans at 2%, then the authorities will open the market for everyone.

According to the President, the government will protect the long-term agreements of land rent with foreign companies that have been working on the Ukrainian market for a long time.