Kernel CEO reminded in Davos that Ukraine does not pose a threat to EU farmers

The Ukrainian agricultural sector, despite the war, remains the pillar of the national economy and at the same time is part of the food infrastructure of Europe.

This was stated by Kernel CEO Yevgen Osypov during the panel discussion “Deepening cooperation between Ukraine and the EU in strategic sectors” within the Ukraine House Davos at the World Economic Forum in Davos.

Osypov recalled that Ukrainian agricultural products help the EU not only cover its own needs, but also strengthen the positions of European countries in the global market as food exporters.

Commenting on one of the key issues in the context of European integration of the agricultural sector — whether Ukraine poses a threat to European farmers — CEO Kernel emphasized that there are no grounds for such fears.

“Our task is not to absorb or displace, but to create rules for joint development. We see integration into the EU as a partnership that enables European farmers to develop,” he noted.

Osipov said that Kernel already has an example of such a model — the Open Agribusiness ecosystem, which unites more than 6,000 agricultural producers, cultivating about 50% of Ukraine’s agricultural land. They get access to logistics and exports to more than 60 countries, modern agricultural technologies, digital management tools, as well as sustainable farming and ESG practices. This is an effective integration program compatible with the European approach.

Kernel added that Ukraine’s integration does not replace Europe, but strengthens it — a strong Ukraine in the common economic space means more sustainable supply chains, a faster energy transition, greater market stability and a joint response to global challenges.

USM previously reported that Kernel and Oschadbank signed loan agreements for $77 million.