Sunday, August 10, 2008

Agrarian Fund allowed selling grain for export

The Cabinet of Ministers of Ukraine has extended the powers of the Agrarian Fund, and authorized it to sell grain for export, Prime Minister Yulia Tymoshenko told a press conference.

The Head of Government also informed that the Cabinet would speed up the payment of VAT refunds to the exporters buying grain directly from its producers.

Yet, this involves only the traders having contracts on the purchase of grain at prices not below the Government-set floor level.