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VR ready to allot additional UAH270 mn to agrarians to maintain 2007 crop
04.06.2007 14:34 "Agro Perspectiva" (Kyiv) —
As to draft Law "About Bringing Changes into Law «About 2007 State Budget» (approved in first reading by 383 people deputies against minimal necessary 226), Verkhovna Rada is set to allocate additional UAH270 mn from State budget to country agricultural companies to maintain 2007 grains crop.
As to Government data, grains sown at 1015% southern regions areas have been destroyed by drought.
«This figure is serious and dangerous, yet not critical for country agrarian complex. As for me, I don’t see any reason to create panic,» declared First Vice-Premier Myckola Azarov.
Reportedly, Cabinet is going to use UAH100 mn to form State Food Reserve/execute mortgage grains purchases.
UAH50 mn are planned to be used for agricultural companies seeding material purchases; UAH120 mn are to be taken from Cabinet Reserve Fund to cover regions factual losses caused by drought.
As to Agro Perspective earlier report, sown crops have been destroyed by drought at 500,000 ha.
Meanwhile, country agrarians are resowing crops wherever possible.
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