The Verkhovna Rada of Ukraine adopted the Law "On State Support of Agriculture of Ukraine" (re Improvement of Mechanisms for State Price Regulation of Agricultural Markets, Insurance of Agricultural Production Risks, and Realization of Actions aimed at Renewal of Cattle Breeding and Implementation of Rural Social Programs)

04 June 2009, 11:51

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The Law improves mechanisms of State support of Ukrainian agriculture, especially, agrarian interventions and granting of State budget loans.

 

The Law envisages establishment of the State Intervention Fund, which "is formed by the Agrarian Fund at the expense of financial interventions and pledge purchases and performs trade interventions in order to secure stability of the price".

 

A relevant Bill was registered under Reg. No.2375.