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China Reportedly Just Bought 5% Of Ukraine (But The Ukrainian Partner Denies It) -- Quartz
Update (9:21 a.m. ET): Ukraine’s KSG Agro released a statement today, Sept. 24, denying reports that it had reached an agreement to sell 3 million hectares to a Chinese firm. Hong Kong’s South China Morning Post had reported a deal between KSG Agro and China’s Xinjiang Production and Construction Corps, (XPCC) in which China would be able to farm the area for up to 50 years. The paper cited a statement from XPCC as the source of its report. Quartz and other media also reported on the story.
In its statement, the Warsaw-listed agricultural firm said that it is only working with its Chinese partners on a project to install drip-irrigation systems over an area of 3,000 hectares in Ukraine next year. “KSG Agro does not intend or have any right to sell land to foreigners, including the Chinese,” the statement posted on their website said. China’s XPCC could not be immediately reached for comment.
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More News On China Leasing 5% Of Ukraine For Farming
China ‘land grab’ sees it given control of 5% of Ukraine, accused of ‘neo-colonialism’ -- National Post
China To Lease 3 Million Hectares Of Ukrainian Farmland -- Radio Free Europe
China to invest in 3 mln hectares of Ukrainian farmland - media -- Reuters
China buys 5 percent of Ukraine's land -- UPI
China 'to rent five per cent of Ukraine' -- The Telegraph
Why China Wants (and Needs) Foreign Farm Land -- The Geographic
Here's How Absurdly Huge China's Disputed Deal To Farm 5% Of Ukraine Would Be -- SFGate/Business Insider
My Comment: I am very familiar with the land in question .... my father grew up in the area .... and I know that if he was alive he would be horrified to see what has just happened. £1.7-billion for control/ownership of a territory that represents 9% of Ukraine’s arable land .... I call that a good long term deal for the Chinese .... horrible for the long term future of all Ukrainians.
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