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Cabinet created Agrarian Fund
14.07.2005 10:03 "Agro Perspectiva" (Kyiv) —
Having adopted all necessary documents, Cabinet has formed Agrarian Fund, reported Prime Minister Yuliya Tymoshenko on press-conference.
As to report, Agrarian Fund will specialize in agricultural products purchasing/selling.
«Agrarian Fund financing first elements have been already assured with a number of Decrees/resolutions,» declared Prime Minister.
As to Tymoshenko, State-owned Joint Stock Company Bread of Ukraine
financial means are planned to get concentrated in order to provide Agrarian Fund financing.
«Presently we have determined in what way we will receive money from State-owned Joint Stock Company Bread of Ukraine as well as this money amount: money will be directed from State Budget for newly created Agrarian Fund functioning,» said Tymoshenko. Further on she added this year Fund won’t be financially provided in full.
Prime Minister didn’t precise this year Fund grain purchase volumes, having just stated: «These volumes should be exactly sufficient for market stabilizing.»
It is to be reminded, Jun 25 Ministry of Agrarian Policy has proposed Cabinet to urgently adopt Agrarian Fund creation resolution/to allocate Fund grain/foods purchasing UAH2.05 milliard.
Oleksandr Baranovskiy has accused Ministry of Economics of Agrarian Fund creation blocking.
Jun 23 Anatoliy Kinakh, First Vice-Premier, declared he thought it necessary to bring changes into current legislation (incl. 2005 State Budget) in order to pass grain purchasing State operator functions from Agrarian Fund (which wasn’t created at that moment) over to State Committee for Material Reserves/State-owned Joint Stock Company Bread of Ukraine.
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