Ukrainian lawmakers vote to lift ban on sale of farmland by 2020

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Ukrainian lawmakers voted on Wednesday to remove a ban on the sale of farmland f...

KIEV - Ukrainian lawmakers voted on Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country’s foreign backers that risks a political backlash.

Supporters who want to scrap the moratorium say that doing so will unlock enormous investment potential in what is already one of the world’s top grain exporters. “Finally, we can move away from feudalism to real market relations as a fully fledged, developed country. Ukrainians have the right to freely dispose of their property!” Prime Minister Oleksiy Honcharuk said on Facebook after the vote.

Ukraine is the world’s 44th largest country but has the ninth biggest amount of arable land, with 32.5 million hectares. It operates around 43 million hectares of farmland compared with 178 million hectares in all European Union countries.

 

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