USAID Partners with Grain Alliance, Kernel, and Nibulon to Boost Ukraine’s Grain Sector
Ukraine is one of the world’s major breadbaskets, with agriculture accounting for more than 40 percent of its total export revenues. However, the country’s economy shrunk by 30 percent in 2022 due to Russia’s invasion and ongoing war.
U.S. Treasury Secretary Janet Yellen was in Kyiv recently for a series of meetings with Ukrainian President Zelensky to reaffirm the U.S.’ support for Ukraine and to announce a recent commitment of $1.25 billion in economic and budgetary assistance.
Now, the U.S. announced three new partnerships as measures to help boost Ukraines agriculture sector and to help get the country’s grain to its destination markets.
USAID has forged new partnerships with Grain Alliance, Kernel, and Nibulon that are expected to increase Ukraine’s grain shipping capacity by more than 3 million tons per year.
Under the terms of the agreements, these organizations have agreed to invest $44 million to support storage and infrastructure expansion targeting multiple terminals - Izamil and Reni on the Danube River, and Cierna nad Tisou in Slovakia - where they expect to see an increase in grain exports.
Comments