In Re (#07-08 July-August 2017)

Acquisition of Rights to Farmland in Ukraine by Non-residents

by Valery Fedichin

Ukraine is home to some of the world’s most fertile soils, including the famous chornozem (black earth) soil, estimated to cover about a half of its territory. Given that, and with the ongoing shift away from manufacturing and other industrial sectors, the nation seems well on its way to becoming an agrarian power. Farming is one of the few economic segments into which investment is still flowing. Yet Ukraine remains ambivalent about foreign presence in agriculture. In particular, it restricts foreign ownership of farmland, and the sale of such land is altogether prohibited for the time being.

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