Losses for the agricultural sector due to the explosion of the Kakhovska HPP may amount to $10 billion
12.06.2023 - 16:45
As a result of the undermining of the Kakhovska HPP by the Russians, direct and indirect losses of the Ukrainian agricultural sector may increase to more than $10 billion.
Taras Vysotskyi, the First Deputy Minister of Agrarian Policy and Food of Ukraine, named this amount, writes Latifundist. According to him, there are direct losses from the flooding of agricultural lands and losses that the agricultural sector will suffer due to the lack of irrigation and the impossibility of full use of about 1.5 million hectares of cultivated land.
Damage due to flooding of land is estimated at $3-5 billion. It is not yet possible to estimate how much of this land can be returned to agricultural production. Vysotskyi also noted that a lot of land will be contaminated with oil products and chemicals — land reclamation will have to be carried out.
According to preliminary estimates, the value of products grown on irrigated lands in the southern regions was $1.5 billion each year. The value of products on adjacent lands that were not irrigated, but were processed in a complex each year, was $500 million. Thus, indirect losses from the explosion of the Kakhovska HPP each year may amount to almost $2 billion
