Ukrainian agricultural giant denies farmland deal with China

Radio Free Europe | 24 September 2013
Medium_ksg-agro

Ukrainian agricultural giant denies farmland deal with China

Ukraine's government-controlled agricultural firm KSG Agro has denied recent Chinese media reports on an alleged agreement that would have seen China leasing 3 million hectares of Ukrainian farmland for the next 50 years.

In a statement released on September 24, KSG Agro said it was working with its Chinese partners on a contract for cooperation on the installation of drip-irrigation systems.

The works are being conducted in accordance with agreements signed in May.

The statement also said "KSG Agro does not intend or have any right to sell land to foreigners, including the Chinese."

Talking to RFE/RL on September 24, the chairman of Ukraine's Agrarian Club, Aleks Lisitsa, called the Chinese media reports "groundless and provocative."

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