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Work launched on establishment of Black Sea grain pool

30 September 2013 10:20 (UTC+04:00)
Work launched on establishment of Black Sea grain pool

Ukrainian Prime Minister Mykola Azarov ordered the Economic Development and Trade Ministry, Agrarian Policy and Food Ministry of and Infrastructure Ministry to start work on the creation of the Black Sea grain pool, RIA Novosti reported.

The idea to create joint grain pool of Russia, Ukraine and Kazakhstan at the Black Sea appeared in 2009. The initiative has not been implemented so far.

Azarov said that he had discussed the idea of Black Sea grain pool creation with his Kazakh and Russian counterparts on Sep. 25 within his visit to Astana.

"Russian expressed its readiness to take part in this project," he said.

The prime minister ordered the ministries to hold consultations with Moscow and Astana on the pool creation.

Azarov noted that common grain export potential of Ukraine, Russia and Kazakhstan hit 70 million tons per year.

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