The CEO of “Kernel” proposed a mechanism to overcome “grey” agricultural exports

CEO of “Kernel” Evgenii Osypov proposed introducing the payment of deposits upon export, which will make it easier to control the return of foreign exchange earnings to the country.

The expert shared his opinion at the Forbes “Made in Ukraine” exporters’ summit. So, according to him, last year the non-return of foreign exchange revenue amounted to more than $4 billion.

“That is, there are “gray” schemes that make it possible not to import currency into the country and reduce the competitiveness of “transparent” companies. We, as a player of the “white” market, and companies similar to us cannot compete with the “gray” player,” Osypov noted.

The most effective mechanism for bringing agricultural exports out of the shadows is deposits, Osypov added.

  “The exporter must make a deposit and then export, then it will be very easy to control the return of foreign exchange earnings and there will be no corruption within this system,” said the CEO of “Kernel”.

Previously, USM reported that the capitalization of “Kernel” had grown to almost $700 million.