Ukraine's government-controlled agricultural firm KSG Agro has denied recent Chinese media reports on an alleged agreement that would have seen China leasing 3 million hectares of Ukrainian farmland for the next 50 years.
La Chine va investir dans 3m d'hectares de terres agricoles en Ukraine, ce qui représenterait le plus vaste projet agricole mené par Pékin à l'étranger alors que le pays cherche à garantir ses approvisionnements.
Ukraine’s State Food and Grain Corporation and China’s Xinjiang Production and Construction Corps have signed a memorandum on cooperation in supporting priority projects in agriculture. Chinese investment in Ukraine’s agricultural sector will reach more than $2.6 billion.
The group, formerly known as Alpcot Agro, said it had signed deals on the disposal of 24,800 hectares of land, mainly in central and southern Ukraine, to other farming groups for $5.6m excluding machinery, buildings and crops.
If current amendments to Ukranian legislation are approved, foreign investors will still not be allowed to purchase Ukrainian farm land despite any "buy-out" options that may exist in their current lease agreements