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European ministers review agricultural markets affected by war in Ukraine
The consequences of the Russian aggression against Ukraine on agriculture and logistics were discussed during the European agriculture ministers meeting held Monday.
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How has the war affected the agricultural labor market?
The war has caused enormous damage to the Ukrainian economy. In particular, according to the UN Food and Agriculture Organization (FAO), the agricultural sector has lost up to $6 billion as a result of the military aggression of the Russian Federation. About 30% of agricultural land fell under occupation or in the zone of active hostilities, crops, equipment and granaries were destroyed.
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Statistics on the impact of war on areas of the economy
Transaction data for PrivatBank's corporate clients:
