Anonymous ID: 2fb58f Jan. 13, 2024, 3:07 p.m. No.20238682   🗄️.is 🔗kun

Amidst Chaos of War, A New Report Exposes the Stealth Take-over of Ukrainian Agricultural Land

February 21, 2023

 

One year after the Russian invasion of Ukraine, a new report from the Oakland Institute, War and Theft: The Takeover of Ukraine’s Agricultural Land, exposes the financial interests and the dynamics at play leading to further concentration of land and finance.

 

“Despite being at the center of news cycle and international policy, little attention has gone to the core of the conflict — who controls the agricultural land in the country known as the breadbasket of Europe. Answer to this question is paramount to understanding the major stakes in the war,” said Frédéric Mousseau, Oakland Institute’s Policy Director and co-author of the report.

 

The total amount of land controlled by oligarchs, corrupt individuals, and large agribusinesses is over nine million hectares — exceeding 28 percent of Ukraine’s arable land. The largest landholders are a mix of Ukrainian oligarchs and foreign interests — mostly European and North American as well as the sovereign fund of Saudi Arabia. Prominent US pension funds, foundations, and university endowments are invested through NCH Capital, a US-based private equity fund.

 

Several agribusinesses, still largely controlled by oligarchs, have opened up to Western banks and investment funds — including prominent ones such as Kopernik, BNP, or Vanguard — who now control part of their shares. Most of the large landholders are substantially indebted to Western funds and institutions, notably the European Bank for Reconstruction and Development (EBRD) and the World Bank.

 

https://www.oaklandinstitute.org/new-report-take-over-ukrainian-agricultural-land