Ukraine imposes new rules for food exports

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Ukraine imposes new rules for food exports
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KYIV - Ukraine will introduce mandatory registration of food export companies aimed at preventing abuses such as tax avoidance in the export of key agrarian goods, the government said in a resolution published on Wednesday.

According to the new procedure, only companies that are registered in the State Agrarian Register, are value added tax payers, have no tax debts or delays in the return of foreign currency proceeds may engage in exports. Ukraine, in dire need of money for the war against Russia, has previously tried to tighten controls on grain exports and in August, southern Ukrainian region of Odesa, which has ports on the Black Sea and Danube River, introduced export control mechanism for grain.

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